04:03 PM EST, 03/04/2025 (MT Newswires) -- Health care stocks declined late Tuesday afternoon, with the NYSE Health Care Index down 0.5% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.9%.

The iShares Biotechnology ETF (IBB) rose 0.1%.

In corporate news, Tiziana Life Sciences ( TLSA ) shares rose 2%. The firm filed an investigational new drug application to the US Food and Drug Administration for a phase 2 trial in amyotrophic lateral sclerosis.

NKGen Biotech ( NKGN ) shares tumbled 60% after the company said it expects its shares to be traded on the OTC Markets starting Wednesday following its delisting from Nasdaq.

Walgreens Boots Alliance ( WBA ) is nearing the completion of a go-private deal with Sycamore Partners for around $10 billion, The Wall Street Journal reported late Monday. Walgreens shares rose about 5.5%.

UnitedHealth Group ( UNH ) shares rose 1.5% after a retired federal judge in her role as special master issued a recommendation favoring UnitedHealth ( UNH ) to the presiding federal judge in a lawsuit brought by the US Department of Justice, which accused the healthcare company of failing to return money it received via the Medicare Advantage program.