09:08 AM EDT, 10/17/2024 (MT Newswires) -- Health care stocks were flat to lower pre-bell Thursday as the iShares Biotechnology ETF ( IBB ) was inactive and the Health Care Select Sector SPDR Fund ( XLV ) was down 0.5% recently.

Elevance Health ( ELV ) shares fell past 13% after the company reported Q3 adjusted earnings of $8.37 per diluted share, down from $8.99 a year earlier. The company also lowered its 2024 adjusted EPS outlook.

Capricor Therapeutics ( CAPR ) shares declined by 6% after the company priced an underwritten offering of about 4.4 million shares at $17 per share for expected gross proceeds of about $75 million.

Travere Therapeutics ( TVTX ) shares were over 2% higher after the company said Swissmedic offered a temporary marketing approval for Filspari to treat adults with primary IgA nephropathy with a urine protein excretion of at least 1 gram per day.