08:55 AM EDT, 10/14/2024 (MT Newswires) -- Health care stocks were steady premarket Monday as the Health Care Select Sector SPDR Fund (XLV) was inactive and the iShares Biotechnology ETF (IBB) was down 0.1% recently.

Longboard Pharmaceuticals ( LBPH ) shares surged past 51% after the company and H. Lundbeck announced an agreement for Lundbeck to acquire Longboard in a transaction with $2.6 billion in equity value.