03:59 PM EDT, 09/30/2024 (MT Newswires) -- Health care stocks rose late Monday afternoon with the NYSE Health Care Index up 0.1% and the Health Care Select Sector SPDR Fund (XLV) adding 0.6%.

The iShares Biotechnology ETF (IBB) advanced 0.5%.

In corporate news, Conmed ( CNMD ) said operations at its manufacturing facility in Largo, Florida, and its distribution center in Lithia Springs, Georgia, were back to normal in the aftermath of Hurricane Helene. The shares fell 4.1%.

Bristol-Myers Squibb ( BMY ) won a dismissal of a $6.4 billion lawsuit alleging it delayed a US Federal Drug Administration approval process for a Celgene drug to avoid paying Celgene shareholders for meeting certain milestones. Bristol-Myers shares gained 1.7%.

Universal Health Services ( UHS ) shares shed 0.6% after the company said the jury in a civil lawsuit awarded $360 million to three victims of sexual harassment by the former medical director of a Universal Health facility near Richmond, Virginia.

CVS Health ( CVS ) leadership is facing a challenge by shareholder Glenview Capital in what may be the start of a push to oust management, news outlets reported. CVS shares rose 2.5%.