09:18 AM EDT, 08/05/2024 (MT Newswires) -- Health care stocks were leaning lower premarket Monday with the iShares Biotechnology ETF ( IBB ) declining 2.8% and the Health Care Select Sector SPDR Fund ( XLV ) down 0.9% recently.

Actinium Pharmaceuticals ( ATNM ) shares tumbled by over 70% after the company said the Food and Drug Administration has determined that a phase 3 study of Iomab-B to treat refractory acute myeloid leukemia was not adequate to support a biologics license application.

BioNTech (BNTX) shares were down over 5% after it reported a wider Q2 loss as revenue declined during the period.

Tenet Healthcare ( THC ) shares were over 4% lower after saying it has entered into a definitive agreement to sell its 70% majority ownership interest in Brookwood Baptist Health in Birmingham to Orlando Health for about $910 million in cash.