11:54 AM EST, 11/29/2024 (MT Newswires) -- Health care stocks were higher in late morning trading Friday, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.4%.

The iShares Biotechnology ETF (IBB) was slightly higher.

In corporate news, Silo Pharma ( SILO ) shares jumped more than 11%. The company said Friday it has agreed to collaborate with Kymanox to design and develop a subcutaneous insertion device for SP-26, its ketamine-loaded implant for the potential treatment of fibromyalgia and chronic pain.