03:32 PM EDT, 10/14/2024 (MT Newswires) -- Health care stocks were rising late Monday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.6%.

The iShares Biotechnology ETF (IBB) rose 0.2%.

In corporate news, Tevogen Bio ( TVGN ) shares surged nearly 219%. The company said it plans to outline pipeline potential to generate over $1 billion in revenue.