01:44 PM EDT, 08/11/2026 (MT Newswires) -- Healthcare stocks declined Tuesday afternoon with the NYSE Healthcare Index shedding 0.5% and the State Street Health Care Select Sector SPDR ETF (XLV) falling 0.3%.

The iShares Biotechnology ETF (IBB) rose 0.3%.

In corporate news, Hims & Hers Health ( HIMS ) shares fell 1.9%. Q2 results were mixed, with upside in its US business from branded GLP-1 strength and a ramp in testosterone offset by disappointing gross margin and weak free cash flow, Morgan Stanley said.

Eli Lilly ( LLY ) committed to use Veeva Systems' ( VEEV ) Veeva Vault CRM globally. Lilly shares fell 0.9%, and Veeva ( VEEV ) added 1%.

AC Immune's ( ACIU ) ACI-7104, for the potential treatment of early-stage Parkinson's disease, received US Food and Drug Administration fast-track designation and investigational new drug clearance. The shares jumped 14%.