03:37 PM EDT, 04/29/2024 (MT Newswires) -- Health care stocks rose late Monday afternoon, with the NYSE Health Care Index fractionally up and the Health Care Select Sector SPDR Fund (XLV) 0.1% higher.

The iShares Biotechnology ETF (IBB) rose 1.3%.

In corporate news, Addex Therapeutics ( ADXN ) shares plunged 53% after the company said adjunctive administration of its investigational drug ADX71149 with levetiracetam or brivaracetam did not meet the primary goal of the phase 2 study.