03:32 PM EDT, 03/11/2025 (MT Newswires) -- Health care stocks were lower late Tuesday afternoon, with the NYSE Health Care Index down 0.7% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.8%.

The iShares Biotechnology ETF (IBB) dropped 1%.

In corporate news, 2seventy bio (TSVT) shares surged 76%. The company said late Monday that it agreed to be acquired by Bristol Myers Squibb ( BMY ) for $5 per share in an all-cash deal valuing the company at about $286 million.