03:53 PM EDT, 07/14/2025 (MT Newswires) -- Health care stocks edged lower late Monday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each easing 0.1%

The iShares Biotechnology ETF (IBB) rose 0.3%.

In corporate news, Waters (WAT) shares fell past 12%. Becton Dickinson ( BDX ) agreed to combine its biosciences and diagnostic solutions business with Waters. Becton shares rose 0.1%.

Sonnet BioTherapeutics ( SONN ) shares surged 79% after it said it agreed to merge with Rorschach, backed by Atlas Merchant Capital and Paradigm Operations, and will build a reserve of HYPE, the token of the Hyperliquid Layer-1 blockchain.

Zimmer Biomet ( ZBH ) agreed to buy Monogram Technologies (MGRM) for an upfront payment of $4.04 per share in cash, the companies said. Monogram shares rallied 74%, and Zimmer was fractionally higher.

OraSure Technologies ( OSUR ) received an unsolicited all-cash takeover offer in June from health care entrepreneur Ron Zwanziger, Reuters reported. OraSure ( OSUR ) shares fell 1.9%.