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Sector Update: Health Care
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Sector Update: Health Care
Feb 21, 2025 11:04 AM

01:30 PM EST, 02/21/2025 (MT Newswires) -- Health care stocks were mixed Friday afternoon with the NYSE Health Care Index up 0.1% and the Health Care Select Sector SPDR Fund (XLV) down 0.4%.

The iShares Biotechnology ETF (IBB) shed 0.4%.

In corporate news, Novo Nordisk ( NVO ) resolved its shortage of weight-loss drugs Ozempic and Wegovy, according to an update on the US Food and Drug Administration website. Other companies such as Hims & Hers Health ( HIMS ) will no longer be legally allowed to make and sell compounded alternatives. Novo Nordisk ( NVO ) shares jumped 5.3%, while Hims & Hers tumbled 23%.

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