03:35 PM EDT, 08/16/2024 (MT Newswires) -- Health care stocks were edging higher late Friday afternoon, with the NYSE Health Care Index up 0.1% and the Health Care Select Sector SPDR Fund (XLV) adding 0.2%.

The iShares Biotechnology ETF (IBB) eased 0.1%.

In corporate news, Coherus BioSciences ( CHRS ) shares tumbled past 16% after UBS downgraded the company's stock to neutral from buy and cut the price target to $1.50 from $4.