09:14 AM EST, 01/16/2025 (MT Newswires) -- Health care stocks were flat to lower premarket Thursday with the iShares Biotechnology ETF (IBB) recently inactive and the Health Care Select Sector SPDR Fund ( XLV ) down 0.5% recently.

UnitedHealth Group ( UNH ) shares were down nearly 4% after the company reported a lower-than-expected Q4 revenue.

Incyte ( INCY ) and Syndax Pharmaceuticals ( SNDX ) said the US Food and Drug Administration has approved Niktimvo as a treatment for certain patients with chronic graft-versus-host disease who weigh at least 40 kg. Syndax Pharmaceuticals ( SNDX ) shares were 2% higher premarket.

Seres Therapeutics ( MCRB ) said it received a $50 million installment related to the sale of its VOWST business to Societe des Produits Nestle. Seres Therapeutics ( MCRB ) shares were down nearly 4% pre-bell.