03:33 PM EDT, 05/29/2025 (MT Newswires) -- Health care stocks rose late Thursday afternoon with the NYSE Health Care Index up 0.7% and the Health Care Select Sector SPDR Fund (XLV) advancing 0.6%.

The iShares Biotechnology ETF (IBB) climbed 1.7%.

In corporate news, Alzamend Neuro ( ALZN ) shares surged 71% after the company said Thursday it dosed the first patient of its first phase 2 trial of AL001, which aims to deliver lithium more effectively to people with Alzheimer's, bipolar, major depressive, and post-traumatic disorders.