01:23 PM EDT, 07/11/2025 (MT Newswires) -- Health care stocks declined Friday afternoon with the NYSE Health Care Index dropping 1.2% and the Health Care Select Sector SPDR Fund (XLV) falling 1.1%.

The iShares Biotechnology ETF (IBB) shed 1.3%.

In sector news, the US Food and Drug Administration may fast-track new drugs from pharmaceutical companies that "equalize" the prices of their medicines between the US and other countries, Commissioner Marty Makary said in an interview on Bloomberg Television.

In corporate news, Walgreens Boots Alliance ( WBA ) said its shareholders approved the acquisition of the company by entities affiliated with Sycamore Partners Management. Walgreens shares fell 0.4%.