09:18 AM EDT, 08/26/2024 (MT Newswires) -- Health care stocks were higher pre-bell Monday, with the Health Care Select Sector SPDR Fund ( XLV ) up 0.2% and the iShares Biotechnology ETF ( IBB ) was ahead 0.6%.

BeiGene ( BGNE ) shares were up more than 3% after the drug maker said its BGB-16673 has received fast-track designation from the Food and Drug Administration for the potential treatment of relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma.

Guardant Health ( GH ) shares were down by more than 5% after saying it has agreed to an open market sale of common shares for up to $400 million with Jefferies as the sales agent.

MIRA Pharmaceuticals ( MIRA ) shares rose past 37% after reporting that a pre-clinical study in rats showed that its ketamine analog, Ketamir-2, resulted in a 100% normalization of pain thresholds at the highest dose.