04:02 PM EDT, 05/04/2026 (MT Newswires) -- Health care stocks declined late Monday afternoon, with the NYSE Health Care Index decreasing 0.3% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.4%.

The iShares Biotechnology ETF (IBB) rose 1.6%.

In corporate news, Sanofi ( SNY ) said Monday it will invest 294 million Canadian dollars ($216 million) to expand its global AI Centre of Excellence in Toronto in a bid to accelerate the development and delivery of medicines. Its shares were down past 5%.

Amgen ( AMGN ) said Monday it will invest an additional $300 million in its biologics manufacturing facility in Puerto Rico. Amgen ( AMGN ) shares were down 2.1%.

Eli Lilly ( LLY ) shares added 0.7% after Barclays lifted the company's price target to $1,400 from $1,350, while keeping its overweight rating.

Vanda Pharmaceuticals ( VNDA ) shares jumped past 7% after it said Monday its motion sickness drug Nereus is now commercially available in the US.