09:11 AM EST, 01/14/2025 (MT Newswires) -- Health care stocks edged higher pre-bell Tuesday as the Health Care Select Sector SPDR Fund ( XLV ) was up marginally and the iShares Biotechnology ETF (IBB) advanced by 0.3%.

Merit Medical Systems ( MMSI ) shares rose by over 3% after the company said it expects revenue of about $1.355 billion to $1.357 billion for the year ended Dec. 31, a projected increase of about 7.7% to 7.9% from a year earlier.

Teladoc Health ( TDOC ) shares were up more than 6% after the company said it has formed a new collaboration with Amazon.com ( AMZN ) to expand access to its diabetes, hypertension, pre-diabetes and weight management programs as part of Amazon's ( AMZN ) Health Benefits Connector.

REGENXBIO ( RGNX ) shares were over 2% higher after the company and Nippon Shinyaku said they have formed a partnership for the development and commercialization of RGX-121 as a potential treatment for Hunter syndrome and RGX-111 for Hurler syndrome.