Sector Update: Health Care Stocks Flat to Higher Premarket Friday

MT Newswires Live

May 09, 2025

Health care stocks were flat to higher premarket Friday, with the Health Care Select Sector SPDR Fund (XLV) up 0.3% and the iShares Biotechnology ETF (IBB) recently inactive.

Iovance Biotherapeutics (IOVA) shares fell past 36% after the company lowered its 2025 product revenue guidance. The company also posted a wider-than-expected Q1 loss and revenue below expectations.

ANI Pharmaceuticals (ANIP) shares advanced by over 7% after the company reported higher Q1 adjusted earnings and revenue and raised its 2025 outlook.

Hims & Hers Health (HIMS) shares were down more than 4% after the company priced $870 million in 0% convertible senior notes due 2030 in a private offering to institutional investors, with closing expected on May 13.

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The company also posted a wider-than-expected Q1 loss and revenue below expectations.</p><p>ANI Pharmaceuticals (ANIP) shares advanced by over 7% after the company reported higher Q1 adjusted earnings and revenue and raised its 2025 outlook.</p><p>Hims &amp; Hers Health (HIMS) shares were down more than 4% after the company priced $870 million in 0% convertible senior notes due 2030 in a private offering to institutional investors, with closing expected on May 13.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IOVA","symbol_name":"Iovance Biotherapeutics, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2534482173","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534482173","pubTimestamp":1746796697,"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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