Sector Update: Health Care Stocks Advance in Afternoon Trading

MT Newswires Live

Dec 24, 2024

Health care stocks were higher Monday afternoon, with the NYSE Health Care Index rising 0.8% and the Health Care Select Sector SPDR Fund (XLV) up 0.6%.

The iShares Biotechnology ETF (IBB) added 0.3%.

In corporate news, Ikena Oncology (IKNA) and clinical-stage biotech company Inmagene Biopharmaceuticals said Monday they have agreed to merge, in a deal that will result in the latter owning about 43.5% of the combined company. Ikena shares surged 13%.

XBiotech (XBIT) shares sank past 27% after it said it's pausing its rheumatology clinical program due to irregularities in a phase 2 study of its candidate drug Natrunix for rheumatoid arthritis.

Spectral AI (MDAI) shares popped 10%. The company said Monday it received a letter from Nasdaq on Friday confirming that it has regained compliance with the exchange's listing rules.

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Ikena shares surged 13%.</p><p>XBiotech (XBIT) shares sank past 27% after it said it's pausing its rheumatology clinical program due to irregularities in a phase 2 study of its candidate drug Natrunix for rheumatoid arthritis.</p><p>Spectral AI (MDAI) shares popped 10%. The company said Monday it received a letter from Nasdaq on Friday confirming that it has regained compliance with the exchange's listing rules.</p></body></html>\n\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":"2493817794","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493817794","pubTimestamp":1734980458,"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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