09:20 AM EDT, 04/30/2024 (MT Newswires) -- Health care stocks were mixed premarket Tuesday, with the iShares Biotechnology ETF ( IBB ) down 0.3% and Health Care Select Sector SPDR Fund ( XLV ) up 0.3%.

Eli Lilly ( LLY ) shares were up over 5% after the company reported higher Q1 non-GAAP earnings and revenue in addition to raising its 2024 adjusted EPS and revenue outlook.

Amgen ( AMGN ) and Sandoz reached an agreement to resolve their patent disputes related to Sandoz's denosumab biosimilars. Amgen ( AMGN ) stock was down 0.3% in recent Tuesday premarket activity.