08:49 AM EDT, 09/30/2024 (MT Newswires) -- Health care stocks were flat to slightly lower premarket Monday as the Health Care Select Sector SPDR Fund (XLV) was down 0.01% and the iShares Biotechnology ETF (IBB) was flat recently.

Prime Medicine ( PRME ) shares rose nearly 19% after the company announced a strategic research collaboration and license agreement with Bristol Myers Squibb ( BMY ) to develop reagents for the next generation of ex vivo T-cell therapies.