03:38 PM EST, 01/10/2025 (MT Newswires) -- Health care stocks were decreasing late Friday afternoon, with the NYSE Health Care Index down 0.6% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.7%.

The iShares Biotechnology ETF (IBB) fell 1.9%.

In corporate news, Eli Lilly ( LLY ) is nearing a deal to buy privately held Scorpion Therapeutics, valuing the Boston-based company working on potential cancer treatments at about $2.5 billion, the Financial Times reported. Eli Lilly ( LLY ) shares rose 1%.