03:42 PM EST, 12/16/2024 (MT Newswires) -- Health care stocks declined late Monday afternoon with the NYSE Health Care Index down 0.9% and the Health Care Select Sector SPDR Fund (XLV) falling 1.1%.

The iShares Biotechnology ETF (IBB) rose 0.3%.

In corporate news, Emergent BioSolutions ( EBS ) shares jumped 4.6% after the Biomedical Advanced Research and Development Authority awarded a $50 million option to the company's existing contract for the purchase of Cyfendus.