01:42 PM EST, 01/03/2025 (MT Newswires) -- Health care stocks rose Friday afternoon with the NYSE Health Care Index up 0.9% and the Health Care Select Sector SPDR Fund (XLV) gaining 1.2%.

The iShares Biotechnology ETF (IBB) climbed 1.3%.

In corporate news, Cyclacel Pharmaceuticals ( CYCC ) shares jumped 19% after investor David Lazar agreed to buy $3.1 million in the company's preferred stock, and he was named interim chief executive.