03:45 PM EST, 11/20/2024 (MT Newswires) -- Health care stocks were higher late Wednesday afternoon, with the NYSE Health Care Index up 0.8% and the Health Care Select Sector SPDR Fund (XLV) adding 0.9%.

The iShares Biotechnology ETF (IBB) rose 0.7%.

In corporate news, PainReform's ( PRFX ) shares tumbled 26% after the company blamed an "incoherence of data" for unclear results in the latter portion of a phase 3 trial evaluating its PRF-110 drug candidate as a non-opioid alternative treatment for post-surgical pain.

Hoth Therapeutics ( HOTH ) said Wednesday its board approved the purchase of up to $1 million in bitcoin. The biopharmaceutical company's shares popped 3.1%.

Inspire Medical Systems ( INSP ) shares jumped 5% after BofA Securities upgraded the company's stock to buy from neutral, with a $255 price target.

Eyenovia (EYEN) shares sank 21% after the company reported talks over a potential restructuring.