01:30 PM EST, 12/09/2024 (MT Newswires) -- Health care stocks were edging higher Monday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.1%.

The iShares Biotechnology ETF (IBB) rose 0.3%.

In corporate news, Sonnet BioTherapeutics ( SONN ) shares surged past 45%. The company said Monday its phase 1 trial of SON-1010 demonstrated a partial response and disease stabilization in adult patients with advanced solid tumors.