Sector Update: Health Care Stocks Decline Late Afternoon

MT Newswires Live

01-07

Health care stocks were lower late Monday afternoon, with the NYSE Health Care Index down 0.3% and the Health Care Select Sector SPDR Fund (XLV) easing 0.1%.

The iShares Biotechnology ETF (IBB) added 0.1%.

In corporate news, Predictive Oncology (POAI) shares surged past 55% after it agreed to be acquired by Renovaro (RENB) in an all-stock deal. Renovaro shares popped 10%.

Citius Pharmaceuticals' (CTXR) majority-owned subsidiary Citius Oncology (CTOR) said it has retained Jefferies as a financial advisor to evaluate possible strategic alternatives. Citius Pharmaceuticals shares were down 2.3% and Citius Oncology jumped 18%.

Revance Therapeutics (RVNC) shares jumped 12%. The company has received a new buyout proposal from Teoxane Laboratories, offering $3.60 per share in cash, topping a bid from Crown Laboratories of $3.10 per share.

Regional Health Properties (RHE) and SunLink Health Systems (SSY) have agreed to merge in an all-stock deal. Regional shares soared 120% and SunLink surged 16%.

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Renovaro shares popped 10%.</p><p>Citius Pharmaceuticals' (CTXR) majority-owned subsidiary Citius Oncology (CTOR) said it has retained Jefferies as a financial advisor to evaluate possible strategic alternatives. Citius Pharmaceuticals shares were down 2.3% and Citius Oncology jumped 18%.</p><p>Revance <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> (RVNC) shares jumped 12%. The company has received a new buyout proposal from Teoxane Laboratories, offering $3.60 per share in cash, topping a bid from Crown Laboratories of $3.10 per share.</p><p>Regional Health Properties (RHE) and SunLink Health Systems (SSY) have agreed to merge in an all-stock deal. Regional shares soared 120% and SunLink surged 16%.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2501267825","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501267825","pubTimestamp":1736197371,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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