03:41 PM EDT, 10/17/2024 (MT Newswires) -- Health care stocks fell late Thursday afternoon with the NYSE Health Care Index shedding 0.5% and the Health Care Select Sector SPDR Fund (XLV) down 0.6%.

The iShares Biotechnology ETF (IBB) was decreasing 0.4%.

In corporate news, Tevogen Bio ( TVGN ) shares soared 41%. The company said it expects to generate $1 billion in revenue from its oncology pipeline in the launch year, with cumulative five-year revenue projected between $10 billion and $14 billion.