Sector Update: Health Care

Last Updated: Wednesday, August 17, 2022 3:37 PM | MT Newswires

Health care stocks lost more ground this afternoon, with the NYSE Health Care Index and the SPDR Health Care Select Sector ETF (XLV) both sinking 0.6%. The Nasdaq Biotechnology index also was falling 2.0%. In company news, Sanofi (SNY) declined 6.3% after the French pharmaceuticals firm Wednesday said it has stopped work on its amcenestrant drug candidate after an independent data-monitoring committee said the prospective breast cancer treatment did not meet prespecified boundaries for continuation during a late-stage trial.

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