02:00 PM EDT, 07/10/2024 (MT Newswires) -- Health care stocks rose Wednesday afternoon with the NYSE Health Care Index adding 0.6% and the Health Care Select Sector SPDR Fund (XLV) up 0.7%.

The iShares Biotechnology ETF (IBB) climbed 1.1%.

In corporate news, Lantheus ( LNTH ) shares surged 36% after Medicare proposed updated plans related to the reimbursement rate for diagnostic radiopharmaceuticals.

JanOne ( JAN ) said Wednesday its board approved a strategic review of its biotech assets, and recently acquired blockchain fintech provider ALT5 Sigma will become its core focus. The shares jumped 6.8%.

SeaStar Medical ( ICU ) shares slumped 32% after the company signed an agreement to issue and sell 947,868 shares, or share equivalents in lieu, at $10.55 a share in a direct offering with gross proceeds of $10 million.