01:45 PM EDT, 05/06/2024 (MT Newswires) -- Health care stocks rose Monday afternoon, with the NYSE Health Care Index climbing 0.3% and the Health Care Select Sector SPDR Fund (XLV) up 0.2%.

The iShares Biotechnology ETF (IBB) shed 0.2%.

In corporate news, BioNTech (BNTX) swung to a Q1 loss as revenue tumbled more than expected on lower commercial sales of its COVID-19 vaccine. The stock eased 0.3%.

Grifols ( GRFS ) shares jumped 7.2% as the company said its previously announced sale of a 20% stake in Shanghai RAAS to Haier is being finalized to close in June.

Outset Medical ( OM ) surged 26% after the company said the US Food and Drug Administration has granted 510(k) clearance for TabloCart with prefiltration, an optional accessory to its Tablo Hemodialysis System dialysis machine.