Sector Update: Health Care Stocks Advance Pre-Bell Friday

MT Newswires Live

Nov 29, 2024

Health care stocks advanced pre-bell Friday with the Health Care Select Sector SPDR Fund (XLV) and iShares Biotechnology ETF (IBB) 0.2% higher recently.

Applied Therapeutics (APLT) said late Wednesday that the US Food and Drug Administration issued a complete response letter indicating the health regulator's decision not to approve the new drug application for govorestat to treat classic galactosemia due to "deficiencies in the clinical application." Applied Therapeutics shares tumbled by over 74% premarket.

RadNet's (RDNT) shares were almost 4% higher after its DeepHealth unit said it received expanded US Food and Drug Administration 510(k) clearance for its SmartMammo mammography software.

TC BioPharm (TCBP) shares were down 12% after the company filed a registration statement with the US Securities and Exchange Commission Wednesday for the potential sale of up to $100 million of securities from time to time in one or more offerings.

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