08:59 AM EDT, 08/20/2024 (MT Newswires) -- Health care stocks were edging higher premarket Tuesday as the Health Care Select Sector SPDR Fund (XLV) and iShares Biotechnology ETF (IBB) were both up 0.4% recently.

Eli Lilly ( LLY ) shares were up 1.6% after the company said results from a three-year phase 3 study showed that weekly tirzepatide injections reduced the risk of developing type 2 diabetes by 94% in obese or overweight adults with pre-diabetes condition compared to placebo.