08:58 AM EST, 11/12/2025 (MT Newswires) -- Health care stocks were edging higher premarket Wednesday, with the Health Care Select Sector SPDR Fund (XLV) edging 0.01% higher and the iShares Biotechnology ETF (IBB) up 0.3%.

Evotec (EVO) shares were up more nearly 5% after the company said it has received a $5 million milestone payment from Bristol Myers Squibb ( BMY ) after the US Food and Drug Administration accepted an Investigational New Drug application for a product candidate under the companies' protein degradation partnership.