Sector Update: Healthcare

Last Updated: Friday, December 2, 2022 4:05 PM | MT Newswires

Healthcare stocks turned slightly higher Friday, with the NYSE Health Care Index rising 0.3% and the SPDR Health Care Select Sector ETF (XLV) adding 0.1%. The iShares Biotechnology ETF (IBB) was climbing 0.8%.

In company news, Theratechnologies (THTX) slumped Friday, at one point sinking 40% to its lowest share price since January 2016, after the Canadian biopharmaceuticals company overnight said it was pausing patient enrollment for Phase 1 testing of its TH1902 drug candidate while it reviews the trial design.

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