01:24 PM EDT, 03/27/2026 (MT Newswires) -- Health care stocks declined Friday afternoon, with the NYSE Health Care Index down 0.6% and the State Street Health Care Select Sector SPDR ETF (XLV) falling 1.1%.

The iShares Biotechnology ETF (IBB) dropped 2.1%.

In corporate news, AnaptysBio's ( ANAB ) shares were down 9%. The company's board has approved the planned spin-off of First Tracks Biotherapeutics and a repurchase program for up to $100 million shares, the company said in separate Friday statements.