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Sector Update: Health Care Stocks Higher Thursday Afternoon
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Sector Update: Health Care Stocks Higher Thursday Afternoon
May 29, 2025 11:25 AM

02:02 PM EDT, 05/29/2025 (MT Newswires) -- Health care stocks rose Thursday afternoon with the NYSE Health Care Index up 0.5% and the Health Care Select Sector SPDR Fund (XLV) advancing 0.4%.

The iShares Biotechnology ETF (IBB) climbed 1.5%.

In corporate news, Streamline Health Solutions ( STRM ) shares more than doubled after the company agreed to be acquired by MDaudit for $37.4 million in cash, including debt.

Inspira Technologies (IINN) started the global commercial rollout of its ART100 system with deliveries expected to begin in H2. The shares surged 28%.

Iradimed ( IRMD ) shares jumped 12% after the company's magnetic resonance imaging-compatible MRidium 3870 IV infusion pump system received 510(k) clearance from the US Food and Drug Administration.

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