01:42 PM EDT, 03/16/2026 (MT Newswires) -- Health care stocks advanced Monday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) each adding 0.9%.

The iShares Biotechnology ETF (IBB) gained 1.1%.

In corporate news, Fennec Pharmaceuticals ( FENC ) shares climbed 4% after the company said it reached a settlement with Cipla Limited and Cipla USA, resolving patent litigation related to a proposed generic version of its Pedmark therapy.