01:31 PM EDT, 05/10/2024 (MT Newswires) -- Health care stocks rose Friday afternoon with the NYSE Health Care Index gaining 0.3% and the Health Care Select Sector SPDR Fund (XLV) up 0.2%.

The iShares Biotechnology ETF (IBB) eased 0.1%.

In corporate news, Novavax ( NVAX ) shares doubled after the company announced a licensing agreement with Sanofi ( SNY ) to co-commercialize the former's adjuvanted COVID-19 vaccine and develop combination vaccines that also protect against influenza. Sanofi ( SNY ) climbed 0.8%.