Sector Update: Health Care

Last Updated: Monday, October 18, 2021 3:44 PM | MT Newswires

Health care stocks were mostly lower late in afternoon trading, with the NYSE Health Care Index falling 0.7% while the SPDR Health Care Select Sector ETF (XLV) was down 0.7%. The Nasdaq Biotechnology index also was sinking 1.2%. In company news, MannKind (MNKD) shares slumped almost 19% after the FDA declined to approve the company's Tyvaso DPI inhaled treatment for pulmonary arterial hypertension, saying the agency cited a single deficiency at a third-party analytical testing center rather than any issue at MannKind's manufacturing and packaging facility in Connecticut.

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