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Sector Update: Health Care Stocks Mixed Tuesday Afternoon
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Sector Update: Health Care Stocks Mixed Tuesday Afternoon
Dec 24, 2024 10:13 AM

12:47 PM EST, 12/24/2024 (MT Newswires) -- Health care stocks were mixed in Tuesday afternoon trading, with the NYSE Health Care Index easing 0.1% and the Health Care Select Sector SPDR Fund (XLV) up 0.3%.

The iShares Biotechnology ETF (IBB) increased 0.1%.

In corporate news, NeueHealth ( NEUE ) shares soared about 71% after it agreed to be bought and taken private by an affiliate of New Enterprise Associates for an enterprise value of about $1.3 billion.

MultiPlan ( MPLN ) shares surged about 91% after the company announced a refinancing to extend its debt maturities.

Clearmind Medicine ( CMND ) shares jumped nearly 38% after the company said it has received Institutional Review Board approval from Yale University for a phase 1/2a trial of CMND-100 in alcohol use disorder.

Enanta Pharmaceuticals ( ENTA ) said Tuesday that it will appeal a Massachusetts District Court ruling in favor of Pfizer ( PFE ) in a patent infringement case related to Pfizer's ( PFE ) COVID-19 drug Paxlovid. Enanta shares fell 3.8% and Pfizer ( PFE ) was fractionally lower.

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