Sector Update: Health Care

Friday, November 20, 2020 3:48 PM | MT Newswires

Health care stocks were finishing narrowly mixed, with the NYSE Health Care Index rising 0.1% while the SPDR Health Care Select Sector ETF also was down less than 0.1%. The Nasdaq Biotechnology index, meanwhile, was climbing 0.7% after Pfizer (PFE) and BioNTech (BNTX) Friday said they were applying for an emergency use authorization for their COVID-19 vaccine candidate. In company news, Spring Bank Pharmaceuticals (SBPH) was fractionally lower in late trade, giving back all of a nearly 8% gain earlier Friday that followed the company completing its business combination with privately held immuno-oncology company F-star Therapeutics.

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