03:38 PM EDT, 07/25/2024 (MT Newswires) -- Health care stocks were lower late Thursday afternoon, with the NYSE Health Care Index down 0.6% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.4%.

The iShares Biotechnology ETF (IBB) climbed 1.2%.

In corporate news, AC Immune ( ACIU ) shares jumped 8.8% after the company said Thursday that its active-immunotherapy candidate ACI-35.030 has received fast track designation from the US Food and Drug Administration for Alzheimer's disease.