01:39 PM EST, 11/11/2024 (MT Newswires) -- Health care stocks were lower Monday afternoon, with the NYSE Health Care Index shedding less than 0.1% and the Health Care Select Sector SPDR Fund (XLV) down 0.3%.

The iShares Biotechnology ETF (IBB) shed 0.2%.

In corporate news, AbbVie ( ABBV ) shares tumbled past 12%. The company said its two phase 2 trials assessing emraclidine in adult patients with schizophrenia and acute exacerbation of psychotic symptoms failed to meet their primary goal.