Health-care companies fell, but not by as much as the broad market, as defensively minded traders fled the utilities sector.
SmileDirectClub, the maker of orthodontic products, is hunting for a buyer in bankruptcy but risks shutting down if it can;t find one after years of losses and litigation that resulted in a $63 million award to its former partner Align Technology.
The health-care sector is not as rate-sensitive as the The U.S. Food and Drug Administration formally raised concerns with Eli Lilly about the suitability of a treatment for moderate-to-severe atopic eczema.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
10-02-23 1738ET
