Health-care companies fell slightly as traders anticipated deal activity in the sector.
Swiss conglomerate Nestlé plans to explore strategic options for the Palforzia peanut-allergy drug, effectively putting it up for sale just two years after acquiring its developer in a $2.6 billion deal.
Drugmaker Horizon Therapeutics is sounding out potential buyers as Big Pharma companies continue to seek acquisitions that would bolster their product lines, despite miscues like Nestlé's.
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(END) Dow Jones Newswires