Sector Update: Health Care Stocks Lower in Afternoon Trading

MT Newswires Live

Dec 09

Health care stocks declined Monday afternoon, with the NYSE Health Care Index down 1% and the Health Care Select Sector SPDR Fund (XLV) falling 1%.

The iShares Biotechnology ETF (IBB) decreased 0.6%.

In corporate news, STAAR Surgical (STAA) shares fell 4% after the company said Monday the go-shop period under its merger agreement with Alcon (ALC) has expired with no competing proposals received. Alcon was down 1.9%.

PROCEPT BioRobotics (PRCT) still has a large market opportunity for its aquablation technology to treat benign prostatic hyperplasia, but utilization growth has slowed, BofA Securities said in a research report. The brokerage downgraded the stock to neutral from buy and lowered its price target to $38 per share from $55. PROCEPT shares dropped 4.8%.

Wave Life Sciences (WVE) shares soared 129% after the company said interim data from its phase 1 trial of WVE-007 to treat obesity showed improvements in body composition, with weight loss similar to GLP-1, but without muscle loss, at three months compared to baseline at its lowest therapeutic dose.

Structure Therapeutics (GPCR) shares surged 86% after it said Monday its obesity drug candidate aleniglipron achieved statistical significance in the phase 2b trial's primary and key secondary endpoints.

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Alcon was down 1.9%.</p><p><a href=\"https://laohu8.com/S/PRCT\">PROCEPT BioRobotics</a> (PRCT) still has a large market opportunity for its aquablation technology to treat benign prostatic hyperplasia, but utilization growth has slowed, BofA Securities said in a research report. The brokerage downgraded the stock to neutral from buy and lowered its price target to $38 per share from $55. 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Alcon was down 1.9%.</p><p><a href=\"https://laohu8.com/S/PRCT\">PROCEPT BioRobotics</a> (PRCT) still has a large market opportunity for its aquablation technology to treat benign prostatic hyperplasia, but utilization growth has slowed, BofA Securities said in a research report. The brokerage downgraded the stock to neutral from buy and lowered its price target to $38 per share from $55. PROCEPT shares dropped 4.8%.</p><p><a href=\"https://laohu8.com/S/WVE\">Wave Life</a> Sciences (WVE) shares soared 129% after the company said interim data from its phase 1 trial of WVE-007 to treat obesity showed improvements in body composition, with weight loss similar to GLP-1, but without muscle loss, at three months compared to baseline at its lowest therapeutic dose.</p><p>Structure <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> (GPCR) shares surged 86% after it said Monday its obesity drug candidate aleniglipron achieved statistical significance in the phase 2b trial's primary and key secondary endpoints.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRCT","symbol_name":"PROCEPT BioRobotics","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2590236880","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2590236880","pubTimestamp":1765219408,"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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PROCEPT shares dropped 4.8%.Wave Life Sciences  shares soared 129% after the company said interim data from its phase 1 trial of WVE-007 to treat obesity showed improvements in body composition, with weight loss similar to GLP-1, but without muscle loss, at three months compared to base","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PRCT":"PROCEPT BioRobotics","ALC":"Alcon Inc","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","XBI":"SPDR S&P Biotech ETF","WVE":"Wave Life Sciences Pte. 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Alcon was down 1.9%.PROCEPT BioRobotics (PRCT) still has a large market opportunity for its aquablation technology to treat benign prostatic hyperplasia, but utilization growth has slowed, BofA Securities said in a research report. The brokerage downgraded the stock to neutral from buy and lowered its price target to $38 per share from $55. 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