08:49 AM EDT, 03/14/2025 (MT Newswires) -- Health care stocks advanced premarket Friday with the Health Care Select Sector SPDR Fund (XLV) up 0.4% and the iShares Biotechnology ETF (IBB) 0.6% higher recently.

Sutro Biopharma ( STRO ) said it appointed Jane Chung as its new chief executive and plans to nearly halve its workforce, following a strategic review of the company's portfolio. Sutro Biopharma ( STRO ) shares fell by over 12% pre-bell.