01:48 PM EDT, 09/18/2024 (MT Newswires) -- Health care stocks rose Wednesday afternoon, with the NYSE Health Care Index up 0.2% and the Health Care Select Sector SPDR Fund (XLV) gaining 0.1%.

The iShares Biotechnology ETF (IBB) shed 0.1%.

In corporate news, Organon (OGN) agreed to buy Roivant Sciences' ( ROIV ) immuno-dermatology unit Dermavant for $1.2 billion. Organon shares fell 2.4%, and Roivant gained 0.1%.

ResMed ( RMD ) shares slumped 5.4% as Wolfe Research downgraded the company to underperform from peer-perform with a price target of $180.

Cencora ( COR ) hackers got a total of $75 million, paid in three installments of bitcoin in March, the largest known cyber extortion payment made to date, Bloomberg reported. Cencora ( COR ) shares fell 2.3%.