01:12 PM EDT, 06/23/2025 (MT Newswires) -- Health care stocks declined Monday afternoon, with the NYSE Health Care Index shedding 0.8% and the Health Care Select Sector SPDR Fund (XLV) down 0.5%.

The iShares Biotechnology ETF (IBB) fell 0.8%.

In corporate news, Novo Nordisk ( NVO ) said that it ended its collaboration with Hims & Hers Health ( HIMS ) on the sale of weight loss drug Wegovy over concerns about "illegal mass compounding and deceptive marketing." Hims & Hers shares dropped more than 33% and Novo was down 6.4%.