09:18 AM EDT, 07/03/2024 (MT Newswires) -- Health care stocks were steady pre-bell Wednesday as the Health Care Select Sector SPDR Fund ( XLV ) and iShares Biotechnology ETF ( IBB ) were inactive recently.

CureVac ( CVAC ) and GSK (GSK) said they restructured their existing partnership into a new licensing agreement that will allow each company to prioritize investment and focus on their mRNA development activities. CureVac ( CVAC ) rose past 13% premarket.

Scilex Holding ( SCLX ) unit Semnur Pharmaceuticals and Denali Capital Acquisition (DECA), a blank-check company, said they signed a letter of intent for a proposed business combination. Scilex Holding ( SCLX ) was almost 12% higher pre-bell.

Artisan Investments has raised its stake in medical devices maker Royal Philips (PHG) to 10%, according to a Dutch regulatory filing. Royal Philips was up over 1% premarket.