09:15 AM EDT, 03/11/2025 (MT Newswires) -- Health care stocks were mixed premarket Tuesday with the iShares Biotechnology ETF (IBB) down 0.1% and the Health Care Select Sector SPDR Fund ( XLV ) recently up 0.1%.

Arvinas ( ARVN ) and Pfizer ( PFE ) said a phase 3 clinical trial of vepdegestrant monotherapy as an investigational treatment for advanced or metastatic breast cancer met its primary endpoint in the estrogen receptor 1-mutant population, but did not reach statistical significance in progression-free survival improvement in the intent-to-treat population. Arvinas ( ARVN ) shares fell by more than 37% pre-bell.

Legend Biotech ( LEGN ) shares were up more than 1% after the company reported a narrowed Q4 adjusted net loss as revenue increased during the period.

Illumina ( ILMN ) shares rose past 2% after the company announced a $100 million cost reduction program, while lowering its fiscal 2025 non-GAAP earnings forecast.