01:56 PM EST, 01/21/2025 (MT Newswires) -- Health care stocks gained Tuesday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both rising 1.4%.

The iShares Biotechnology ETF (IBB) climbed 2.5%.

In corporate news, Moderna ( MRNA ) shares rose 6.6%. The company said late Friday was awarded $590 million by the US Department of Health and Human Services to accelerate the development of mRNA-based pandemic influenza vaccines.

BrightSpring Health Services ( BTSG ) shares jumped 14%, a day after the company said it will sell its Community Living division, including ResCare Community Living, to Sevita for $835 million in cash.

Johnson & Johnson ( JNJ ) shares added 0.4%. The company said Tuesday that the US Food and Drug Administration approved nasal spray Spravato as the first-ever stand-alone therapy for major depressive disorder.