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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