02:03 PM EDT, 06/06/2025 (MT Newswires) -- Health care stocks rose Friday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both adding 0.7%.

The iShares Biotechnology ETF (IBB) climbed 1.5%.

In corporate news, Phathom Pharmaceuticals ( PHAT ) shares doubled after the company said the US Food and Drug Administration granted 10 years of exclusivity for its Voquezna tablets.

Omada Health (OMDA) shares jumped 32% in their Nasdaq debut after the virtual health-care provider priced its initial public offering of 7.9 million shares at $19 apiece.

Novo Nordisk's ( NVO ) obesity and diabetes drug semaglutide may increase the risk of vision loss, a "very rare side effect," the European Medicines Agency said. Novo Nordisk ( NVO ) shares rose 2.6%.