09:17 AM EDT, 04/02/2025 (MT Newswires) -- Health care stocks were falling pre-bell Wednesday, with The Health Care Select Sector SPDR Fund ( XLV ) down 0.4% and the iShares Biotechnology ETF (IBB) 0.2% lower.

Eli Lilly ( LLY ) said it does not have any affiliation with Hims & Hers Health ( HIMS ) , adding that its weight-loss drug Zepbound, or tirzepatide, can be prescribed by "any licensed healthcare professional." Shares of Hims & Hers Health ( HIMS ) were down more than 6% premarket.

Brookfield Asset Management ( BAM ) is once again in discussions for a potential deal for Grifols ( GRFS ) with the Grifols ( GRFS ) family, the company's main shareholder, Bloomberg News reported, citing people familiar with the matter. Grifols ( GRFS ) shares were up over 5% pre-bell.

Edgewise Therapeutics ( EWTX ) stock was more than 28% lower after the company priced an underwritten offering of about 9.9 million common shares at $20.13 apiece for proceeds of about $200 million.