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Meanwhile, Henry Schein ‘s (NASDAQ:HSIC) stock decreased by over 2% due to a cybersecurity incident affecting its manufacturing and distribution units. The company is currently working to mitigate the situation and restore normal operations.
On a positive note, Establishment Labs Holdings’ (NASDAQ:ESTA) shares rose above 4% after receiving FDA clearance for its Motiva Flora SmoothSilk tissue expander. This approval marks a significant milestone for the company in expanding its product portfolio.
In the broader market, the Health Care Select Sector SPDR Fund (NYSEARCA:XLV) advanced by 0.5% during pre-bell Monday, while the iShares Biotechnology ETF (NASDAQ:IBB) remained inactive. This movement indicates a mixed performance within the healthcare sector, with individual companies experiencing varied fortunes based on their recent developments.
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