09:14 AM EDT, 07/29/2024 (MT Newswires) -- Health care stocks were edging higher pre-bell Monday as the Health Care Select Sector SPDR Fund ( XLV ) rose by 0.2% and the iShares Biotechnology ETF ( IBB ) was up 0.9% recently.

Integra LifeSciences Holdings ( IART ) shares fell past 21% after it reported lower Q2 adjusted earnings and cut its adjusted earnings per share guidance for the full year.

Abbott Laboratories ( ABT ) was ordered to pay $495 million by a jury over claims it failed to disclose the risk that its Similac premature infant formula can cause a potentially fatal bowel disease, the Wall Street Journal reported late Friday. Abbott Laboratories ( ABT ) shares were down 5% premarket.

Philips (PHG) shares were over 11% higher after it reported Q2 adjusted earnings of 0.30 euros ($0.33) per diluted share, up from 0.27 euros a year earlier.