09:11 AM EDT, 07/05/2024 (MT Newswires) -- Health care stocks were steady premarket Friday, with the Health Care Select Sector SPDR Fund ( XLV ) and iShares Biotechnology ETF ( IBB ) inactive.

Bain Capital and Cinven are considering a potential joint bid for Sanofi's ( SNY ) $20 billion consumer health division, Bloomberg News reported Wednesday, citing people familiar with the matter. Sanofi ( SNY ) stock was over 1% higher pre-bell.

AbbVie ( ABBV ) expects its Q2 adjusted earnings to take a $0.52 per-share hit from acquired in-process research and development and milestones expense of $937 million on a pre-tax basis, according to a Wednesday regulatory filing. AbbVie ( ABBV ) was 0.3% higher pre-bell.