09:08 AM EDT, 03/19/2025 (MT Newswires) -- Health care stocks were steady to higher premarket Wednesday, with The Health Care Select Sector SPDR Fund ( XLV ) up 0.2% and the iShares Biotechnology ETF (IBB) unchanged.

HealthEquity ( HQY ) shares were down 15% after the company reported overnight fiscal Q4 non-GAAP earnings that trailed analysts' estimates.

Hutchmed ( HCM ) and Innovent Biologics said late Tuesday that a phase II/III clinical trial of fruquintinib in combination with sintilimab as a second-line treatment for renal cell carcinoma in China met its primary endpoint of progression free survival. Hutchmed ( HCM ) stock was 3.2% higher pre-bell Wednesday.

Concentra (CON) shares were up 3.6% after the company said overnight it opened a new medical center in Waukegan, Illinois.