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Sector Update: Healthcare

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Healthcare stocks were higher late Wednesday afternoon, with the NYSE Healthcare Index adding 0.8% and the State Street Health Care Select Sector SPDR ETF (XLV) increasing 0.9%.

The iShares Biotechnology ETF (IBB) climbed 2.4%.

In corporate news, NRX Pharmaceuticals (NRXP) and two units are facing a lawsuit from Kadima Neuropsychiatry Institute for alleged breach of contract and misrepresentation regarding an acquisition agreement, the psychiatric clinic said Wednesday. NRX Pharmaceuticals shares fell 14%.

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