
Sector Update: Health Care Stocks Edge Higher Late Afternoon

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Health care stocks edged higher late Friday afternoon. Eli Lilly will pay $40 million upfront and $15 million in equity to ABL Bio for a collaboration agreement. Johnson & Johnson's phase 2b trial for atopic dermatitis was terminated early. Can-Fite BioPharma shares jumped 22% after receiving a patent in Brazil. Aptevo Therapeutics shares fell 35% due to a 1-for-18 reverse stock split.

