Sector Update: Health Care Stocks Gain Monday Afternoon

, MT Newswires -  1:58 PM ET 3/17/2025 US Markets

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01:58 PM EDT, 03/17/2025 (MT Newswires) -- Health care stocks were higher Monday afternoon, with the NYSE Health Care Index rising 1.4% and the Health Care Select Sector SPDR Fund (XLV) up 1.3%.

The iShares Biotechnology ETF (IBB) added 1.3%.

In corporate news, AstraZeneca ( AZN ) on Monday agreed to buy Belgian biotech company EsoBiotec in a deal worth up to $1 billion as it looks to boost its cell therapies portfolio. AstraZeneca ( AZN ) shares were 0.1% higher.

Hyperfine (HYPR) shares surged 35% after the company said Monday it is collaborating with Nvidia (NVDA) to enhance its portable imaging technology.

Fortress Biotech ( FBIO ) shares popped 4.8%. The company and Partex said Monday that they're collaborating to identify and evaluate biopharmaceutical compounds using AI for potential acquisition or licensing by Fortress.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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