Sector Update: Health Care

Monday, October 26, 2020 3:48 PM | MT Newswires

Health care stocks were outperforming most other sectors this afternoon, with the NYSE Health Care Index dropping 1.2% in late trade while the SPDR Health Care Select Sector ETF also was down 1.6%. The Nasdaq Biotechnology index was falling 1.2%. In company news, Mirati Therapeutics (MRTX) rallied Monday, at one point climbing over 17% to a record $211.50 a share, after Sunday saying it expects to seek an accelerated review of its adagrasib drug candidate during the second half of 2021 after it showed "deep and durable anti-tumor activity" during pre-clinical testing in various models, including colorectal and non-small cell lung cancer.

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