09:18 AM EDT, 05/08/2024 (MT Newswires) -- Health care stocks were leaning lower pre-bell Wednesday, with the Health Care Select Sector SPDR Fund ( XLV ) unchanged and the iShares Biotechnology ETF ( IBB ) down 0.8%.

Teva Pharmaceutical Industries ( TEVA ) shares were up past 6% after the company reported higher Q1 non-GAAP earnings and revenue.

Elanco Animal Health ( ELAN ) stock was up nearly 9% after the company revised its 2024 outlook for adjusted EPS and revenue.

BeiGene ( BGNE ) shares were over 2% higher after the company reported a narrowed Q1 loss amid higher revenue.