Sector Update: Health Care Stocks Higher Pre-Bell Monday
Health care stocks were higher pre-bell Monday, with the Health Care Select Sector SPDR Fund (XLV) up 0.2% and the iShares Biotechnology ETF (IBB) was ahead 0.6%.
BeiGene (BGNE) shares were up more than 3% after the drug maker said its BGB-16673 has received fast-track designation from the Food and Drug Administration for the potential treatment of relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma.
Guardant Health (GH) shares were down by more than 5% after saying it has agreed to an open market sale of common shares for up to $400 million with Jefferies as the sales agent.
MIRA Pharmaceuticals (MIRA) shares rose past 37% after reporting that a pre-clinical study in rats showed that its ketamine analog, Ketamir-2, resulted in a 100% normalization of pain thresholds at the highest dose.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.