03:29 PM EDT, 10/03/2024 (MT Newswires) -- Health care stocks were declining late Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each dropping 1%.

The iShares Biotechnology ETF (IBB) fell 1.5%.

In corporate news, Theriva Biologics ( TOVX ) shares surged 38% after it obtained a recommendation to proceed with its trial of SYN-004 in allogeneic hematopoietic cell transplant recipients for the prevention of acute graft-versus-host-disease.