01:45 PM EDT, 08/28/2025 (MT Newswires) -- Health care stocks were lower Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding 0.7%.

The iShares Biotechnology ETF (IBB) eased 0.2%.

In corporate news, Cooper (COO) shares lost more than 11% after several investment firms cut their price targets on the stock following the company's fiscal Q3 results on Wednesday.

Telix Pharmaceutical (TLX) shares fell past 16% after the company said the US Food and Drug Administration has requested additional data on its biologics license application for Zircaix, an investigational PET agent for diagnosing clear cell renal cell carcinoma.

Walgreens Boots Alliance ( WBA ) said Thursday that it has been acquired by Sycamore Partners, and will now operate as a private entity.