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Sector Update: Health Care

· 02/05/2021 10:51

03:46 PM EST, 02/05/2021 (MT Newswires) -- Health care stocks were back on positive ground this afternoon, with the NYSE Health Care Index rising 0.2% while the SPDR Health Care Select Sector ETF also was up 0.2%, reversing a small midday decline. The Nasdaq Biotechnology index was climbing 1.7% in recent trading. In company news, Vor Biopharma (VOR) more than tripled in value during its debut on the Nasdaq Global Select Market, surging 253% to a first-day high of $63.62 a share after earlier pricing an upsized, $176.9 million initial public offering of nearly 9.83 million common shares at $18 apiece, matching the top of its expected range and the oncology drug company adding slightly more than 1 million shares to the deal over its original plans.