03:44 PM EDT, 04/04/2025 (MT Newswires) -- Health care stocks slumped late Friday afternoon, with the NYSE Health Care Index falling 4.8% and the Health Care Select Sector SPDR Fund (XLV) dropping 4.6%.

The iShares Biotechnology ETF (IBB) fell 4.7%.

In corporate news, Renovaro ( RENB ) shares tumbled 19% after the firm said it received an email from Predictive Oncology ( POAI ) on April 3 terminating their merger deal. Predictive fell 1.4%.