<div id="readability-page-1">01:51 PM EDT, 05/15/2026 (MT Newswires) -- Healthcare stocks declined Friday afternoon, with the NYSE Healthcare Index falling 0.9% and the State Street Healthcare Select Sector SPDR ETF (XLV) shedding 0.8%.The iShares Biotechnology ETF (IBB) dropped 2.5%.In corporate news, Aardvark Therapeutics ( AARD ) shares fell 31% after the firm said the US Food and Drug Administration placed a full clinical hold on its investigational new drug application for ARD-101. Morgan Stanley downgraded the stock to underweight from equalweight, and BTIG to neutral from buy.DexCom ( DXCM ) said Friday it has set new long-term financial goals, including organic revenue growth of more than 10% a year through 2030. Its shares climbed past 6%.ARS Pharmaceuticals ( SPRY ) shares fell nearly 5% after it posted a wider Q1 net loss.Alumis ( ALMS ) stock was down more than 5% after it reported that its Q1 revenue dropped to $1.7 million from $17.4 million a year earlier. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

ALMS

DXCM

SPRY

Healthcare stocks declined on Friday, with the NYSE Healthcare Index down 0.9%. Aardvark Therapeutics shares plummeted 31% after a clinical hold by the FDA. DexCom's shares rose over 6% following new long-term financial goals. ARS Pharmaceuticals and Alumis saw declines of nearly 5% and over 5%, respectively, due to wider losses and significant revenue drops.

Fidelity

Alumis

DexCom

ARS Pharmaceuticals

Aardvark Therapeutics

iShares Global Healthcare

SPDR S&P Biotech

iShares Biotechnology ETF

iShares US Medical Devices

Health Care Select Sector SPDR

VanEck Biotech ETF

iShares US Pharma

SPDR S&P Health Equip

VG Health

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

Sector Update: Healthcare Stocks Softer Friday Afternoon