01:33 PM EDT, 08/19/2024 (MT Newswires) -- Health care stocks were higher Monday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each rising 0.5%.

The iShares Biotechnology ETF (IBB) spiked 1.2%.

In corporate news, Alzamend Neuro ( ALZN ) shares soared 402% after it said Monday it's teaming up with Massachusetts General Hospital for a phase 2 trial of its lithium therapeutic drug candidate for post-traumatic stress disorder.