03:30 PM EDT, 07/23/2025 (MT Newswires) -- Health care stocks rose late Wednesday afternoon with the NYSE Health Care Index rising 2.1% and the Health Care Select Sector SPDR Fund (XLV) adding 1.8%.

The iShares Biotechnology ETF (IBB) climbed 1.8%.

In corporate news, Abivax ( ABVX ) shares surged almost sevenfold after the company said its investigational ulcerative colitis drug candidate obefazimod met the primary endpoint of clinical remission in two global Phase 3 trials.