09:13 AM EDT, 08/21/2024 (MT Newswires) -- Health care stocks were edging higher premarket Wednesday with the Health Care Select Sector SPDR Fund ( XLV ) up 0.2% and the iShares Biotechnology ETF ( IBB ) recently advancing by 0.9%.

PROCEPT BioRobotics ( PRCT ) shares were up over 7% after saying it had secured clearance from the US Food and Drug Administration for the Hydros Robotic System.

Anew Medical ( WENA ) advanced by over 11% after saying it signed an exclusive worldwide license agreement with Transfertech Sherbrooke for Nanoject.

Aadi Bioscience ( AADI ) shares fell past 14% after saying its Precision1 trial of nab-sirolimus in cancer patients is unlikely to meet the efficacy threshold for regulatory approval.