03:31 PM EDT, 10/29/2025 (MT Newswires) -- Health care stocks were lower late Wednesday afternoon, with the NYSE Health Care Index decreasing 0.8% and the Health Care Select Sector SPDR Fund (XLV) falling 1.1%.

The iShares Biotechnology ETF (IBB) shed 0.7%.

In corporate news, Co-Diagnostics ( CODX ) shares dropped 15% after it said Wednesday it closed a registered direct offering of 12.7 million shares that were priced at $0.55 each.