Sector Update: Health Care Stocks Climb Tuesday Afternoon

MT Newswires Live

16 hours ago

Health care stocks rose Tuesday afternoon, with the NYSE Health Care Index adding 2.2% and the Health Care Select Sector SPDR Fund (XLV) advancing 2%.

The iShares Biotechnology ETF (IBB) climbed 2.5%.

In corporate news, Novo Nordisk (NVO) has reduced the price of its weight management drug Wegovy by up to 33% in India, Reuters reported. Novo shares were up 6.8%.

Surmodics (SRDX) shares surged 49% after the company said the US District Court for the Northern District of Illinois denied a request by the Federal Trade Commission and certain state regulators for a preliminary injunction that would have blocked its planned acquisition by a GTCR affiliate.

Cytokinetics (CYTK) is expected to launch aficamten in 2026 with a potentially differentiated risk evaluation and mitigation strategy that could boost demand, RBC Capital Markets said in a Monday note. RBC reiterated an outperform rating for Cytokinetics and raised its price target to $87 from $82. Cytokinetics shares rose 4.1%.

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Novo shares were up 6.8%.</p><p>Surmodics (SRDX) shares surged 49% after the company said the US District Court for the Northern District of Illinois denied a request by the Federal Trade Commission and certain state regulators for a preliminary injunction that would have blocked its planned acquisition by a GTCR affiliate.</p><p><a href=\"https://laohu8.com/S/CYTK\">Cytokinetics</a> (CYTK) is expected to launch aficamten in 2026 with a potentially differentiated risk evaluation and mitigation strategy that could boost demand, RBC Capital Markets said in a Monday note. RBC reiterated an outperform rating for Cytokinetics and raised its price target to $87 from $82. 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