Health Care Sector Update for 09/19/2023: OBIO, NSTG, UPH, TXG
Health care stocks were declining Tuesday afternoon, with the NYSE Health Care Index falling 0.4% and the Health Care Select Sector SPDR Fund (XLV) down 0.3%.
The iShares Biotechnology ETF (IBB) was adding 0.1%.
In corporate news, Orchestra BioMed (OBIO) shares jumped past 12% after the US Food and Drug Administration granted approval of an investigational device exemption to start a study assessing the efficacy and safety of atrioventricular interval modulation therapy to treat hypertension in pacemaker patients.