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Sector Update: Healthcare Stocks Rise Pre-Bell Friday

Sector Update: Healthcare Stocks Rise Pre-Bell Friday

MT newswireMT newswire2026/11/13 13:16
09:16 AM EST, 11/13/2026 (MT Newswires) -- Healthcare stocks were rising pre-bell Friday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.6% higher and the iShares Biotechnology ETF (IBB) advancing by 0.5%. Vir Biotechnology (VIR) stock was down more than 15% after the company priced a public offering of 15 million common shares at $10 each, a 17% discount to the stock's last closing price, for expected gross proceeds of $150 million. SBC Medical Group (SBC) has made a minority equity investment in Taiwan-based NeuroBrain Dynamics and agreed to jointly develop six medical artificial intelligence tools for its clinic network, the company said. Shares of SBC Medical Group were up more than 11% premarket. Zevra Therapeutics (ZVRA) shares were down more than 5% after the company said the European Medicines Agency's Committee for Medicinal Products for Human Use gave a negative opinion on its application for arimoclomol to treat Niemann-Pick disease type C, a rare neurodegenerative disorder affecting about 1,000 people in Europe.
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