01:58 PM EST, 01/22/2025 (MT Newswires) -- Health care stocks eased Wednesday afternoon, with the NYSE Health Care Index down 0.2% and the Health Care Select Sector SPDR Fund (XLV) off 0.1%.

The iShares Biotechnology ETF (IBB) increased 0.3%.

In corporate news, Abbott Laboratories ( ABT ) reported slower-than-expected Q4 revenue growth, while forecasting acceleration in 2025 on an organic basis. The shares rose 1.6%.

Johnson & Johnson's ( JNJ ) Q4 results topped market expectations, while the company anticipates results in 2025 to rise from the previous year. The shares fell 2.5%.

ImmunoPrecise Antibodies ( IPA ) shares jumped 40% after the company developed a new class of GLP-1 therapies to treat diabetes using its AI platform.