09:13 AM EDT, 07/23/2025 (MT Newswires) -- Health care stocks were advancing premarket Wednesday as the Health Care Select Sector SPDR Fund ( XLV ) was 0.8% higher and the iShares Biotechnology ETF (IBB) was up 0.6% recently.

Thermo Fisher Scientific ( TMO ) shares were up more than 8% after the company reported fiscal Q2 adjusted earnings and revenue that topped analysts' expectations.

Boston Scientific ( BSX ) shares were up more than 2% after the company reported higher Q2 adjusted earnings and net sales, and raised its 2025 outlook.

ANI Pharmaceuticals ( ANIP ) shares were down more than 1% after the company said a trial evaluating Iluvien in patients with diabetic macular edema did not meet its primary endpoint.