The health-care sector posted mild gains as investors turned cautious ahead of the holiday-lengthened weekend.
Shares of Kinnate Biopharma were higher after biotechnology royalty aggregator XOMA said it would acquire the company at a price between $2.3352 and $2.5879 a share.
Shares of Shockwave Medical rose after the medical device maker’s sales and profit topped expectations in the fourth quarter.
Shares of Denali Therapeutics fell after the biotech company’s Phase 2 study to treat patients with its amyotrophic lateral sclerosis with an oral brain-penetrant inhibitor missed the primary endpoint.
AMN Healthcare Services shares slid after the healthcare personal services company missed analysts’ expectations for fourth-quarter earnings.
Write to Mary de Wet at mary.dewet@dowjones.com
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