03:57 PM EST, 11/21/2024 (MT Newswires) -- Health care stocks rose late Thursday afternoon, with the NYSE Health Care Index up 0.6% and the Health Care Select Sector SPDR Fund (XLV) adding 0.8%. The iShares Biotechnology ETF (IBB) gained 1%.

In corporate news, Pyxis Oncology ( PYXS ) shares tumbled 45% after William Blair downgraded the stock to market perform.

Cidara Therapeutics ( CDTX ) shares surged 22% after it said Thursday it has agreed to a private placement expected to raise about $105 million.

Telomir Pharmaceuticals ( TELO ) said Thursday that a preclinical study showed "significant" age reversal effects in subjects treated with Telomir-1, a compound designed to reverse aging and support longevity. Its shares popped 6.2%.

HOOKIPA Pharma ( HOOK ) shares tumbled past 13% after the company said late Wednesday that it would reduce its workforce by about 80% as part of a restructuring plan.