Sector Update: Health Care Stocks Decline Premarket Friday

MT Newswires Live

Jan 24, 2025

Health care stocks were declining premarket Friday as the Health Care Select Sector SPDR Fund (XLV) was down 0.4% and the iShares Biotechnology ETF (IBB) was 0.2% lower recently.

Novo Nordisk (NVO) shares rose past 11% after the company said its phase 1b/2a clinical trial of amycretin in people with overweight or obesity showed positive results.

Allurion Technologies (ALUR) shares surged by more than 364% after the company said it plans to initiate a clinical study to investigate the combination of the Allurion program with GLP-1 agonists to improve muscle mass and overall body composition.

Moderna (MRNA) shares were up over 1% after the company said it has been awarded a tender to supply its Covid-19 vaccine in the European Union, Norway and North Macedonia.

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