03:52 PM EST, 01/17/2025 (MT Newswires) -- Health care stocks fell late Friday afternoon with the NYSE Health Care Index down 0.7% and the Health Care Select Sector SPDR Fund (XLV) dropped 0.3%.

The iShares Biotechnology ETF (IBB) eased 0.1%.

In corporate news, Autonomix Medical ( AMIX ) shares jumped 8.4% after the company finalized the design of a microchip for its sensing technology catheter, following successful in vivo preclinical and bench testing.

Boston Scientific ( BSX ) is on track to be the highest performing large cap medtech company with a diversified portfolio, category leadership and pipeline initiatives, RBC Capital Markets said. Boston Scientific ( BSX ) shares added 0.8%.

Novo Nordisk ( NVO ) shares fell 5.2% after the Department of Health and Human Services said the company's Ozempic, Wegovy and Rybelsus are among the 15 additional drugs selected for US Medicare price talks.

Zai Lab ( ZLAB ) said its new drug application for KarXT to treat adult patients with schizophrenia was accepted by China's National Medical Products Administration. The stock rose 3%.