09:19 AM EST, 01/08/2025 (MT Newswires) -- Health care stocks rose premarket Wednesday as the iShares Biotechnology ETF (IBB) advanced by 0.3% and the Health Care Select Sector SPDR Fund ( XLV ) was up 0.2% recently.

Halozyme Therapeutics ( HALO ) shares were over 4% higher after the company raised its 2025 adjusted earnings per share and revenue guidance driven by higher royalty revenue and increased product sales from its Xyosted treatment.

Boston Scientific ( BSX ) shares were up more than 3% after the company said it has agreed to acquire the shares of Bolt Medical that it does not already own for $443 million in addition to milestone payments.

Absci ( ABSI ) shares rallied by over 36% after the company said it has entered into a strategic collaboration with Advanced Micro Devices ( AMD ) to deploy AMD Instinct accelerators and ROCm software to power AI drug discovery workloads, including Absci's ( ABSI ) advanced de novo antibody design models.