Sector Update: Health Care
Health care stocks were higher Wednesday afternoon, with the NYSE Health Care Index adding 1.1% and the Health Care Select Sector SPDR Fund (XLV) rising 1.3%.
The iShares Biotechnology ETF (IBB) gained 1.6%.
In corporate news, Biogen BIIB and Eisai said late Tuesday that Eisai initiated a rolling submission of a biologics license application to the US Food and Drug Administration for a weekly maintenance treatment for early Alzheimer's disease. Biogen shares rose nearly 4%.