01:58 PM EST, 11/18/2024 (MT Newswires) -- Health care stocks were mixed Monday afternoon, with the NYSE Health Care Index easing 0.1% and the Health Care Select Sector SPDR Fund (XLV) fractionally higher.

The iShares Biotechnology ETF (IBB) shed 0.5%.

In corporate news, CareMax ( CMAX ) agreed to sell some of its assets as part of the healthcare provider's prearranged bankruptcy protection plan. Its shares plunged 46%.

CVS Health ( CVS ) shares jumped 6%. The company on Monday appointed four new members to its board of directors as part of an agreement reached with activist investor Glenview Capital Management following "productive discussions."

US government health plans account for the majority of coverage for Eli Lilly's ( LLY ) Zepbound and Novo Nordisk's ( NVO ) Wegovy, much more than the reimbursement available from private employers and insurers, Reuters reported, citing an analysis by consulting firm Leverage. Eli Lilly ( LLY ) shares were down 3.8% and Novo was shedding 1.9%.