02:10 PM EDT, 06/02/2025 (MT Newswires) -- Health care stocks declined Monday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each down 0.4%.

The iShares Biotechnology ETF (IBB) rose 1.4%.

In corporate news, Sanofi ( SNY ) agreed to buy biopharmaceutical company Blueprint Medicines ( BPMC ) in a deal worth up to $9.5 billion, as the French drugmaker seeks to expand its immunology portfolio. Sanofi ( SNY ) shares shed 0.8% and Blueprint jumped 25%.