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Sector Update: Healthcare Stocks Mixed Monday Afternoon

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Healthcare stocks were mixed Monday afternoon, with the NYSE Healthcare Index up nearly 0.1% and the State Street Health Care Select Sector SPDR ETF (XLV) fractionally lower.

The iShares Biotechnology ETF (IBB) climbed up 1.8%.

In corporate news, UroGen Pharma (URGN) shares rose 2.1% after the firm said it has submitted a new drug application to the US Food and Drug Administration for UGN-103 to treat adults with recurrent low-grade intermediate-risk non-muscle invasive bladder cancer.

Argenx (ARGX) shares surged past 16% after the company said a phase 3 study evaluating its experimental drug Vyvgart Hytrulo in adults with autoimmune myositis met its main goal.

Mesoblast (MESO) shares jumped nearly 10% after the company said it has completed patient treatment in a phase 3 trial of its experimental rexlemestrocel-L for chronic low back pain associated with degenerative disc disease.

EyePoint (EYPT) shares tumbled 68% after it said its phase 3 Lugano trial testing Duravyu in people with wet age-related macular degeneration failed to achieve its primary endpoint.

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