01:42 PM EDT, 03/13/2025 (MT Newswires) -- Health care stocks were lower Thursday afternoon, with the NYSE Health Care Index down 0.3% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.6%.

The iShares Biotechnology ETF (IBB) fell 1.1%.

In sector news, Mallinckrodt and Endo are set to merge in a cash-and-stock deal valued at $6.7 billion, with the drug makers set to list shares of the new firm on the New York Stock Exchange.

In corporate news, Lifeward ( LFWD ) shares jumped 22% after it said Thursday the US Food and Drug Administration has cleared ReWalk 7, the newest version of its personal exoskeleton device.