Sector Update: Health Care Stocks Flat to Lower Pre-Bell Thursday

MT Newswires Live

Oct 17, 2024

Health care stocks were flat to lower pre-bell Thursday as the iShares Biotechnology ETF (IBB) was inactive and the Health Care Select Sector SPDR Fund (XLV) was down 0.5% recently.

Elevance Health (ELV) shares fell past 13% after the company reported Q3 adjusted earnings of $8.37 per diluted share, down from $8.99 a year earlier. The company also lowered its 2024 adjusted EPS outlook.

Capricor Therapeutics (CAPR) shares declined by 6% after the company priced an underwritten offering of about 4.4 million shares at $17 per share for expected gross proceeds of about $75 million.

Travere Therapeutics (TVTX) shares were over 2% higher after the company said Swissmedic offered a temporary marketing approval for Filspari to treat adults with primary IgA nephropathy with a urine protein excretion of at least 1 gram per day.

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The company also lowered its 2024 adjusted EPS outlook.</p><p>Capricor <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> (CAPR) shares declined by 6% after the company priced an underwritten offering of about 4.4 million shares at $17 per share for expected gross proceeds of about $75 million.</p><p>Travere Therapeutics (TVTX) shares were over 2% higher after the company said Swissmedic offered a temporary marketing approval for Filspari to treat adults with primary IgA nephropathy with a urine protein excretion of at least 1 gram per day.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0006306889.USD","symbol_name":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2476121043","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476121043","pubTimestamp":1729170514,"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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