Sector Update: Health Care-May 2024-www.financetom.com

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Sector Update: Health Care

Mar 3, 2025 10:54 AM

01:37 PM EST, 03/03/2025 (MT Newswires) -- Health care stocks were higher Monday afternoon, with the NYSE Health Care Index up 0.6% and the Health Care Select Sector SPDR Fund (XLV) adding 0.7%

The iShares Biotechnology ETF (IBB) fell 1.1%.

In corporate news, AbbVie ( ABBV ) said it struck a licensing deal with Danish biotechnology company, Gubra, to develop a potential candidate for obesity treatment. AbbVie ( ABBV ) shares rose 1.2%.

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