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Sector Update: Health Care
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Sector Update: Health Care
Aug 16, 2024 11:02 AM

01:41 PM EDT, 08/16/2024 (MT Newswires) -- Health care stocks were mixed Friday afternoon, with the NYSE Health Care Index fractionally lower and the Health Care Select Sector SPDR Fund (XLV) up 0.2%.

The iShares Biotechnology ETF (IBB) was little changed.

In corporate news, Maravai LifeSciences ( MRVI ) shares jumped past 20% as Reuters reported Friday that the company has received an acquisition offer from Repligen ( RGEN ) . Repligen ( RGEN ) shares dropped 10%.

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