Sector Update: Health Care

Last Updated: Wednesday, September 28, 2022 3:46 PM | MT Newswires

Health care stocks continued their rally this afternoon, with the NYSE Health Care Index rising 2.1% while the SPDR Health Care Select Sector ETF (XLV) was up 2.6%. The Nasdaq Biotechnology index was surging 4.7%. In company news, PepGen (PEPG) more than doubled in value on Wednesday, at one point climbing nearly 150% to an intraday high of $12.84 a share, after saying its PGN-EDO51 prospective treatment for Duchenne muscular dystrophy met its primary endpoint during phase 1 testing.

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