03:56 PM EDT, 06/05/2024 (MT Newswires) -- Health care stocks were rising late Wednesday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.4%.

The iShares Biotechnology ETF (IBB) climbed 1.0%.

In corporate news, Rezolute ( RZLT ) shares soared 20% as Craig-Hallum started coverage of the biopharmaceutical company with a buy rating and a $14 price target.

Nano-X Imaging ( NNOX ) shares gained 4.5% after the company's Nanox AI medical imaging analytics unit launched artificial intelligence capabilities in the Second Opinions online platform.

Cytokinetics ( CYTK ) shares jumped 13% after the company said it held "good faith negotiations" with a third party, but the third party didn't proceed with an acquisition.

Avinger (AVGR) cut its peripheral business staff 33% to focus on its coronary artery disease program. The shares added 0.5%.