Sector Update: Health Care Stocks Fall Premarket Monday

MT Newswires Live
Mar 02

Health care stocks were falling premarket Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) down 0.8% and the iShares Biotechnology ETF (IBB) 1.4% lower.

UniQure (QURE) shares were down more than 41% after the company said it has been notified by the US Food and Drug Administration that data from its phase I/II studies are not sufficient to provide the primary evidence of effectiveness needed to back a marketing application for AMT-130, an investigational gene therapy for Huntington's disease.

Zoetis (ZTS) said that it has agreed to acquire Neogen's (NEOG) animal genomics business for $160 million. Neogen shares were up more than 8% pre-bell.

Xeris Biopharma (XERS) stock was up more than 14% after the company reported that it swung to Q4 earnings as revenue increased during the period.

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