01:05 PM EDT, 10/06/2025 (MT Newswires) -- Health care stocks declined Monday afternoon, with the NYSE Health Care Index easing 0.1% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.4%.

The iShares Biotechnology ETF (IBB) was down 0.2%.

In corporate news, Pharming ( PHAR ) shares dropped 3.6% after it said Monday it is implementing a 20% net reduction in its non-commercial and non-medical headcount, primarily at the company's headquarters in the Netherlands, as part of its organizational restructuring.