03:54 PM EDT, 04/04/2025 (MT Newswires) -- Health care stocks slumped late Friday afternoon, with the NYSE Health Care Index falling 4.8% and the Health Care Select Sector SPDR Fund (XLV) dropping 4.6%.

The iShares Biotechnology ETF (IBB) fell 4.7%.

In corporate news, Renovaro ( RENB ) shares tumbled 15% after the firm said it received an email from Predictive Oncology ( POAI ) on April 3 terminating their merger deal.

Lifecore Biomedical ( LFCR ) shares dropped 21% after it reported a loss of $0.47 per share in fiscal Q3 late Thursday. Two analysts polled by FactSet expected a loss of $0.15.

GE HealthCare Technologies ( GEHC ) fell 15% after China restricted exports of a rare earth metal used in MRI scans as part of its retaliation against the Trump administration's tariffs.

Varex Imaging ( VREX ) shares slumped 20% after the company said China's Commerce Ministry announced an anti-dumping investigation into imports of some medical CT X-ray tubes originating in the US and India. Varex said it has yet to receive any formal notice of the probe.