Health Care Up on Anticipation of Merger Activity -- Health Care Roundup

Health-care companies ticked up as traders anticipated more merger activity in the sector.

GE Healthcare Chief Executive Peter Arduini said there was still pent-up demand for certain procedures, including imaging procedures, as medical supply chains and health-care systems normalize in the wake of the Covid-19 pandemic.

BioNTech's acquisition of artificial-intelligence concern InstaDeep for roughly $400 million in cash and shares, was a natural next step after a joint venture and minority investment in the firm, said analysts at research firm Bryan Garnier.

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(END) Dow Jones Newswires

01-11-23 1735ET