01:24 PM EDT, 10/10/2025 (MT Newswires) -- Health care stocks declined Friday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each falling about 0.9%.

The iShares Biotechnology ETF (IBB) was shedding 1.3%.

In corporate news, Bristol-Myers Squibb ( BMY ) agreed to buy privately-held Orbital Therapeutics in an all-cash deal worth about $1.5 billion to boost its cell therapy portfolio. Bristol shares were down 1.3%.