08:54 AM EDT, 10/21/2024 (MT Newswires) -- Health care stocks were leaning lower premarket Monday with the Health Care Select Sector SPDR Fund (XLV) marginally declining and the iShares Biotechnology ETF (IBB) recently down 0.1%.

Sanofi ( SNY ) said it has entered into binding talks to sell a 50% controlling stake in French life sciences company Opella to CD&R in a deal valuing the company at about 16 billion euros ($17.37 billion). Sanofi ( SNY ) shares were 1% lower pre-bell.