01:42 PM EDT, 03/24/2025 (MT Newswires) -- Health care stocks were higher Monday afternoon, with the NYSE Health Care Index up 0.4% and the Health Care Select Sector SPDR Fund (XLV) rising 0.7%.

The iShares Biotechnology ETF (IBB) climbed 1%.

In corporate news, Tonix Pharmaceuticals ( TNXP ) shares jumped more than 28% after the company said the US Food and Drug Administration will not require an advisory committee meeting regarding its new drug application for TNX-102 SL, a product candidate to treat fibromyalgia.