01:33 PM EDT, 10/16/2025 (MT Newswires) -- Health care stocks advanced Thursday afternoon, with the NYSE Health Care Index adding 0.3% and the Health Care Select Sector SPDR Fund (XLV) up 0.2%.

The iShares Biotechnology ETF (IBB) increased 0.9%.

In corporate news, Praxis Precision Medicines ( PRAX ) shares soared 211% after the company said two phase 3 trials of its investigational drug ulixacaltamide in essential tremor met key primary and secondary endpoints.