03:36 PM EDT, 03/12/2026 (MT Newswires) -- Health care stocks declined late Thursday afternoon, with the NYSE Health Care Index down 1.3% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 1.2%.

The iShares Biotechnology ETF (IBB) dropped 2.2%.

In corporate news, Halozyme Therapeutics ( HALO ) said Thursday that David Ramsay has been appointed as the company's interim chief financial officer, effective March 23. Ramsay previously served as the CFO of Halozyme from 2003 to 2009 and again from 2013 to 2015, the company said. Halozyme shares were down 3.8%.