02:05 PM EDT, 04/07/2025 (MT Newswires) -- Health care stocks fell Monday afternoon with the NYSE Health Care Index declining 0.5% and the Health Care Select Sector SPDR Fund (XLV) little changed, paring earlier losses.

The iShares Biotechnology ETF (IBB) dropped 0.1%.

In corporate news, Eli Lilly ( LLY ) shares fell 1.9% after the Trump administration decided to delay a plan allowing Medicare to pay for obesity medications, which would have granted more people access to the company's weight-loss drug Zepbound.

PureTech Health ( PRTC ) confirmed talks for a potential all-cash takeover by the private equity firm Nordic Capital. PureTech fell 5.2%.

Niagen Bioscience ( NAGE ) doesn't expect global tariffs to disrupt manufacturing of food- and pharmaceutical-grade Niagen products or have an adverse impact on maintaining costs and pricing. Niagen shares dropped 5.9%.