09:12 AM EDT, 05/15/2024 (MT Newswires) -- Health care stocks rose pre-bell Wednesday, with the Health Care Select Sector SPDR Fund ( XLV ) recently 0.3% higher and the iShares Biotechnology ETF ( IBB ) up 0.6%.

Arcutis Biotherapeutics ( ARQT ) rallied past 13% after the company reported a narrower loss and higher revenue in Q1.

Prestige Consumer Healthcare ( PBH ) fell more than 10% after the company reported a surprise drop in fiscal Q4 earnings and sales.

GoodRx Holdings ( GDRX ) said it has signed a direct contracting agreement with supermarket chain Kroger ( KR ) to deliver lower prescription prices at over 2,200 Kroger ( KR ) pharmacy locations in the US. GoodRx Holdings ( GDRX ) was up 3% pre-bell.