09:10 AM EDT, 09/30/2024 (MT Newswires) -- Health care stocks were steady premarket Monday as the Health Care Select Sector SPDR Fund ( XLV ) , and the iShares Biotechnology ETF ( IBB ) were unchanged recently.

Prime Medicine ( PRME ) shares rose past 20% after the company announced a strategic research collaboration and license agreement with Bristol Myers Squibb ( BMY ) to develop reagents for the next generation of ex vivo T-cell therapies.

CVS Health ( CVS ) leadership is facing a challenge by shareholder Glenview Capital in what could be the start of a push to oust management, news outlets reported, citing people familiar with the matter. CVS Health ( CVS ) shares were up over 3% pre-bell.

Baxter International ( BAX ) shares fell past 3% after the company said it expects damage and disruption caused by Hurricane Helene to negatively impact the company's financial results.