Health Care Sector Update for 09/19/2023: KNTE, ALUR, BSX, XLV, IBB
Health care stocks were mixed premarket Tuesday as the Health Care Select Sector SPDR Fund (XLV) was down 0.1% and the iShares Biotechnology ETF (IBB) was recently gaining 0.4%.
Kinnate Biopharma (KNTE) was retreating by more than 11% after saying it would reduce its workforce by about 70% as part of a corporate restructuring.
Allurion Technologies (ALUR) has registered with the US Securities and Exchange Commission for the potential sale by various shareholders of up to 55 million common shares, according to a filing. Allurion Technologies was almost 5% lower pre-bell.