Health Care Sector Update for 03/25/2024: MASI, ESPR, OCGN, XLV, IBB

Health care stocks were steady premarket Monday as the iShares Biotechnology ETF (IBB) was inactive and the Health Care Select Sector SPDR Fund (XLV) was down a slight 0.1% recently.

Masimo (MASI) activist investor Politan Capital Management said it is nominating two candidates to the health technology company's board. Masimo was up more than 12% pre-bell.

Esperion Therapeutics (ESPR) was over 19% higher after the company said the US Food and Drug Administration approved Nexletol and Nexlizet for expanded use in cardiovascular risk reduction and lowering low-density lipoprotein cholesterol for both primary and secondary prevention patients.

Ocugen (OCGN) was up more than 11% after a federal appeals court upheld a lower-court decision, dismissing allegations of misleading shareholders with its statements about a prospective COVID-19 vaccine and its approvals in the US.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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