03:44 PM EDT, 07/17/2024 (MT Newswires) -- Health care stocks rose late Wednesday afternoon with the NYSE Health Care Index up 0.3% and the Health Care Select Sector SPDR Fund (XLV) adding 0.4%.

The iShares Biotechnology ETF (IBB) was falling 1%.

In corporate news, Cassava Sciences ( SAVA ) shares sank past 29% after it said Wednesday its board appointed Richard Barry as executive chairman and principal executive officer, as the company launched a search for a new chief executive.