03:42 PM EDT, 07/29/2024 (MT Newswires) -- Health care stocks were rising late Monday afternoon, with the NYSE Health Care Index adding 0.3% and the Health Care Select Sector SPDR Fund (XLV) up 0.2%.

The iShares Biotechnology ETF (IBB) was shedding 0.3%.

In corporate news, Lipella Pharmaceuticals ( LIPO ) shares soared about 122% after the company said Monday that it started the enrollment of the first people for its phase 2a trial assessing LP-310 for oral lichen planus.