Sector Update: Health Care

Friday, October 23, 2020 3:38 PM | MT Newswires

Health care stocks turned fractionally higher this afternoon, with the NYSE Health Care Index rosing 0.2% while the SPDR Health Care Select Sector ETF was up 0.3%. The Nasdaq Biotechnology index also was advancing 0.3%. In company news, Innate Pharma (IPHA) climbed 10% after AstraZeneca (AZN) began a late-stage study of its monalizumab drug candidate in patients with head and neck cancer, triggering a $50 million milestone payment to Innate through the companies' license agreement for the immune checkpoint inhibitor.

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