Sector Update: Health Care Stocks Advance Late Afternoon

3:57 PM ET 11/21/2024 - MT Newswires

In corporate news, Pyxis Oncology (PYXS) shares tumbled 45% after William Blair downgraded the stock to market perform.

Cidara Therapeutics (CDTX) shares surged 22% after it said Thursday it has agreed to a private placement expected to raise about $105 million.

Telomir Pharmaceuticals (TELO) said Thursday that a preclinical study showed "significant" age reversal effects in subjects treated with Telomir-1, a compound designed to reverse aging and support longevity. Its shares popped 6.2%.

HOOKIPA Pharma (HOOK) shares tumbled past 13% after the company said late Wednesday that it would reduce its workforce by about 80% as part of a restructuring plan.

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