09:08 AM EST, 01/07/2025 (MT Newswires) -- Health care stocks were mixed premarket Tuesday with the Health Care Select Sector SPDR Fund ( XLV ) down 0.1% and the iShares Biotechnology ETF (IBB) recently up 0.2%.

Inari Medical ( NARI ) shares rallied past 21% after Stryker (SYK) said it signed a definitive agreement to acquire the company for a fully diluted equity value of about $4.9 billion.

CorMedix ( CRMD ) shares rose by more than 24% after the company reported preliminary Q4 net revenue of $31 million.

AbbVie ( ABBV ) shares were down 0.1% after the company said in a regulatory filing its Q4 earnings are expected to include acquired In-Process Research & Development and milestone expense of $1.57 billion on a pre-tax basis.