Sector Update: Health Care Stocks Edge Higher Pre-Bell Tuesday

MT Newswires Live

Jan 14, 2025

Health care stocks edged higher pre-bell Tuesday as the Health Care Select Sector SPDR Fund (XLV) was up marginally and the iShares Biotechnology ETF (IBB) advanced by 0.3%.

Merit Medical Systems (MMSI) shares rose by over 3% after the company said it expects revenue of about $1.355 billion to $1.357 billion for the year ended Dec. 31, a projected increase of about 7.7% to 7.9% from a year earlier.

Teladoc Health (TDOC) shares were up more than 6% after the company said it has formed a new collaboration with Amazon.com (AMZN) to expand access to its diabetes, hypertension, pre-diabetes and weight management programs as part of Amazon's Health Benefits Connector.

REGENXBIO (RGNX) shares were over 2% higher after the company and Nippon Shinyaku said they have formed a partnership for the development and commercialization of RGX-121 as a potential treatment for Hunter syndrome and RGX-111 for Hurler syndrome.

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