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Sector Update: Health Care Stocks Steady Premarket Thursday
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Sector Update: Health Care Stocks Steady Premarket Thursday
Jun 6, 2024 6:27 AM

09:14 AM EDT, 06/06/2024 (MT Newswires) -- Health care stocks were steady premarket Thursday with the iShares Biotechnology ETF (IBB) and Health Care Select Sector SPDR Fund ( XLV ) recently inactive.

Moderna ( MRNA ) was up nearly 4% after saying the US Food and Drug Administration has selected its experimental therapy, mRNA-3705, to treat methylmalonic acidemia, a rare genetic disorder, for a pilot program aimed at supporting clinical trials to advance rare disease therapeutics.

Annexon ( ANNX ) declined nearly 8% after it priced an underwritten public offering of about 13 million common shares at $6.25 per share, and pre-funded warrants to buy 7 million shares at $6.249 per share, for expected gross proceeds of $125 million.

Halozyme Therapeutics ( HALO ) was up past 5%, saying it raised its 2024 guidance Thursday after receiving a European patent for its Enhanze drug delivery platform a day earlier.

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