01:34 PM EDT, 10/14/2024 (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 about 0.4%.

The iShares Biotechnology ETF (IBB) was 0.1% lower.

In corporate news, Longboard Pharmaceuticals ( LBPH ) shares soared 51%. The company on Monday agreed to be acquired by Danish pharmaceutical company H. Lundbeck in a deal with an equity value of about $2.6 billion.