04:02 PM EST, 01/06/2025 (MT Newswires) -- Health care stocks were lower late Monday afternoon, with the NYSE Health Care Index down 0.3% and the Health Care Select Sector SPDR Fund (XLV) easing 0.1%.

The iShares Biotechnology ETF (IBB) added 0.1%.

In corporate news, Predictive Oncology ( POAI ) shares surged past 55% after it agreed to be acquired by Renovaro ( RENB ) in an all-stock deal. Renovaro ( RENB ) shares popped 10%.

Citius Pharmaceuticals' ( CTXR ) majority-owned subsidiary Citius Oncology ( CTOR ) said it has retained Jefferies as a financial advisor to evaluate possible strategic alternatives. Citius Pharmaceuticals ( CTXR ) shares were down 2.3% and Citius Oncology ( CTOR ) jumped 18%.

Revance Therapeutics ( RVNC ) shares jumped 12%. The company has received a new buyout proposal from Teoxane Laboratories, offering $3.60 per share in cash, topping a bid from Crown Laboratories of $3.10 per share.

Regional Health Properties ( RHE/PA ) and SunLink Health Systems ( SSY ) have agreed to merge in an all-stock deal. Regional shares soared 120% and SunLink surged 16%.