09:07 AM EST, 11/08/2024 (MT Newswires) -- Health care stocks were edging higher premarket Friday, with the iShares Biotechnology ETF (IBB) up 0.2% and The Health Care Select Sector SPDR Fund ( XLV ) 0.1% higher.

AlloVir ( ALVR ) shares were down more than 32% after the company said it agreed to merge with Kalaris Therapeutics in an all-stock deal.

Dynavax Technologies ( DVAX ) stock was over 2% higher after the company said it has authorized the repurchase of up to $200 million in stock.

Baxter International ( BAX ) shares were down 0.8% after the company reported lower Q3 adjusted earnings and cut its 2024 guidance.