03:24 PM EST, 11/22/2024 (MT Newswires) -- Health care stocks were edging up late Friday afternoon, with the NYSE Health Care Index adding 0.2% and the Health Care Select Sector SPDR Fund (XLV) up 0.1%.

The iShares Biotechnology ETF (IBB) climbed 1.4%.

In corporate news, Lexicon Pharmaceuticals ( LXRX ) shares jumped 7.6%. The company said Friday it plans to cut 60% of its workforce, with most departures effective by Dec. 31, as part of a shift to focus on its clinical development pipeline.