Health Care Sector Update for 01/25/2023: PGEN,ISRG,ABT,SNOA

Health care stocks were ending little changed this afternoon, with the NYSE Health Care Index climbing 0.1% and the Health Care Select Sector SPDR Fund (XLV) ahead less than 0.1%.

The iShares Biotechnology ETF (IBB) was slipping 0.1%.

In company news, Precigen (PGEN) plunged over 22% after the cellular therapies company overnight priced a $75 million public offering of nearly 42.9 million common shares at $1.75 each, or slightly more than 20% under Tuesday's closing price. Precigen is expecting to use the net proceeds to fund product development, working capital and other general corporate purposes.