08:53 AM EST, 12/02/2024 (MT Newswires) -- Health care stocks were mixed pre-bell Monday as the iShares Biotechnology ETF (IBB) was inactive and the Health Care Select Sector SPDR Fund (XLV) was 0.1% lower recently.

PTC Therapeutics ( PTCT ) shares advanced by nearly 19% after the company said it signed an exclusive global license and collaboration agreement for its PTC518 Huntington's disease program with a subsidiary of Novartis ( NVS ) , and will receive a $1 billion upfront payment.