01:35 PM EST, 12/30/2024 (MT Newswires) -- Health care stocks were declining Monday afternoon, with the NYSE Health Care Index down 0.9% and the Health Care Select Sector SPDR Fund (XLV) falling 1.1%.

The iShares Biotechnology ETF (IBB) dropped 1.1%.

In corporate news, Marinus Pharmaceuticals ( MRNS ) shares surged 43% after the company said it signed a deal under which Immedica Pharma will buy all of its issued and outstanding stock for $0.55 a share.