Sector Update: Health Care Stocks Flat to Lower Pre-Bell Monday

Last Updated: Monday, December 5, 2022 9:04 AM | MT Newswires

Health care stocks were flat to lower pre-bell Monday. The iShares Biotechnology Index (IBB) was unchanged and the Health Care SPDR (XLV) was down 0.6% recently.

Valneva (VALN) was almost 6% higher after saying an antibody persistence trial of its chikungunya vaccine candidate VLA1553 showed 99% of participants kept neutralizing antibody titers above the seroresponse threshold 12 months after a single-dose vaccination.

Verve Therapeutics (VERV) received a letter from the US Food and Drug Administration outlining the steps needed to resolve the clinical hold that was placed in early November on the company's study of VERVE-101, an investigational gene editing medicine. Verve Therapeutics was recently shedding more than 8% in value.

Lantheus Holdings (LNTH) was down more than 6% after saying it plans to offer $500 million of convertible senior notes due 2027 aimed at qualified institutional buyers.

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