Sector Update: Health Care Stocks Edge Up Monday Afternoon

MT Newswires Live

Oct 29, 2024

Health care stocks edged higher Monday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both rising 0.2%.

The iShares Biotechnology ETF (IBB) gained 0.8%.

In corporate news, AbbVie (ABBV) shares rose 0.9% after the company agreed to buy Aliada Therapeutics and its Alzheimer's disease candidate for $1.4 billion in cash.

Royal Philips' (PHG) shares tumbled nearly 16%. The company cut its full-year comparable sales growth outlook amid a substantial drop in demand in China, while Q3 earnings were little changed.

Autonomix Medical (AMIX) shares surged 71%. The company three patients responded to radio frequency pain management with femoral access in a clinical trial evaluating the potential to manage pain in pancreatic cancer patients without the use of opioids.

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The company cut its full-year comparable sales growth outlook amid a substantial drop in demand in China, while Q3 earnings were little changed.</p><p>Autonomix Medical (AMIX) shares surged 71%. The company three patients responded to radio frequency pain management with femoral access in a clinical trial evaluating the potential to manage pain in pancreatic cancer patients without the use of opioids.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B2B36J28.USD","symbol_name":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I1\" (USD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2479302444","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479302444","pubTimestamp":1730138164,"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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