Sector Update: Health Care Stocks Rise Premarket Tuesday
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Health care stocks rose premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) and iShares Biotechnology ETF (IBB) up 0.3%. Alumis (ALMS) surged over 133% after its drug envudeucitinib showed superior results in psoriasis trials. GSK (GSK) shares increased by over 3% following Japan's approval of Exdensur for severe asthma. Alkermes (ALKS) also rose more than 3% after receiving FDA breakthrough therapy designation for alixorexton in narcolepsy type 1 treatment.
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