Sector Update: Health Care Stocks Edge Higher Premarket Wednesday

MT Newswires Live

Aug 21, 2024

Health care stocks were edging higher premarket Wednesday with the Health Care Select Sector SPDR Fund (XLV) up 0.2% and the iShares Biotechnology ETF (IBB) recently advancing by 0.9%.

PROCEPT BioRobotics (PRCT) shares were up over 7% after saying it had secured clearance from the US Food and Drug Administration for the Hydros Robotic System.

Anew Medical (WENA) advanced by over 11% after saying it signed an exclusive worldwide license agreement with Transfertech Sherbrooke for Nanoject.

Aadi Bioscience (AADI) shares fell past 14% after saying its Precision1 trial of nab-sirolimus in cancer patients is unlikely to meet the efficacy threshold for regulatory approval.

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