03:33 PM EDT, 03/25/2025 (MT Newswires) -- Health care stocks were falling late Tuesday afternoon, with the NYSE Health Care Index dropping 1.6% and the Health Care Select Sector SPDR Fund (XLV) shedding 1.7%.

The iShares Biotechnology ETF (IBB) slumped 2.3%.

In corporate news, Cassava Sciences ( SAVA ) shares tumbled 34% after it said that topline results from a phase 3 trial of simufilam showed no treatment benefit for people with mild-to-moderate Alzheimer's disease.