09:14 AM EDT, 03/21/2024 (MT Newswires) -- Health care stocks were gaining pre-bell Thursday as the Health Care Select Sector SPDR Fund (XLV) was 0.1% higher and the iShares Biotechnology ETF ( IBB ) was up 0.7% recently.

Immatics ( IMTX ) shares were declining by over 15% after the company said it swung to a full-year 2023 net loss as revenue declined during the period.

Stevanato Group (STVN) shares were down more than 2% after it launched an underwritten public offering of $300 million of its ordinary shares.

OmniAb ( OABI ) shares were 7% lower after the company reported that it swung to a Q4 net loss as revenue declined during the period.