03:30 PM EDT, 03/27/2024 (MT Newswires) -- Health care stocks were rising late Wednesday afternoon, with the NYSE Health Care Index advancing 0.8% and the Health Care Select Sector SPDR Fund (XLV) climbing 1%.

The iShares Biotechnology ETF (IBB) rose 1.2%.

In corporate news, Moleculin Biotech ( MBRX ) shares jumped 21% after the company said it was due to receive a US patent covering a method for preparing its drug Annamycin.