09:18 AM EDT, 05/09/2025 (MT Newswires) -- Health care stocks were flat to higher premarket Friday, with the Health Care Select Sector SPDR Fund ( XLV ) up 0.3% and the iShares Biotechnology ETF (IBB) recently inactive.

Iovance Biotherapeutics ( IOVA ) shares fell past 36% after the company lowered its 2025 product revenue guidance. The company also posted a wider-than-expected Q1 loss and revenue below expectations.

ANI Pharmaceuticals ( ANIP ) shares advanced by over 7% after the company reported higher Q1 adjusted earnings and revenue and raised its 2025 outlook.

Hims & Hers Health ( HIMS ) shares were down more than 4% after the company priced $870 million in 0% convertible senior notes due 2030 in a private offering to institutional investors, with closing expected on May 13.