09:14 AM EST, 01/22/2025 (MT Newswires) -- Health care stocks were flat to lower premarket Wednesday with the Health Care Select Sector SPDR Fund ( XLV ) down 0.4% and the iShares Biotechnology ETF (IBB) recently inactive.

Johnson & Johnson ( JNJ ) shares fell by over 3% after the company reported a decline in fiscal Q4 adjusted earnings.

Abbott Laboratories ( ABT ) shares were down more than 2% after the company reported higher Q4 net sales that still missed market expectations.

ImmunoPrecise Antibodies ( IPA ) shares rose nearly 48% after the company said it has developed a new class of GLP-1 therapies to treat diabetes using its LENS AI artificial intelligence platform.