01:58 PM EST, 12/05/2024 (MT Newswires) -- Health care stocks fell Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding 1%.

The iShares Biotechnology ETF (IBB) was down 0.9%.

In corporate news, Protara Therapeutics ( TARA ) shares surged 85% after the company said its investigational therapy TARA-002 showed a complete response rate of 72% at six months in a phase 2 trial involving people with non-muscle invasive bladder cancer.

Novo Nordisk ( NVO ) said Thursday it plans to significantly reduce the list price paid by US customers for its Tresiba and Fiasp insulin products starting January 2026. Its shares eased 0.2%.

Nano-X Imaging ( NNOX ) shares popped 2.4% after the company said it received 510(k) clearance from the US Food and Drug Administration for its Nanox.ARC stationary X-ray system.