Health care stocks were edging higher premarket Friday, with the iShares Biotechnology ETF (IBB) up 0.2% and The Health Care Select Sector SPDR Fund (XLV) 0.1% higher.
AlloVir (ALVR) shares were down more than 32% after the company said it agreed to merge with Kalaris Therapeutics in an all-stock deal.
Dynavax Technologies (DVAX) stock was over 2% higher after the company said it has authorized the repurchase of up to $200 million in stock.
Baxter International (BAX) shares were down 0.8% after the company reported lower Q3 adjusted earnings and cut its 2024 guidance.
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