03:50 PM EST, 11/25/2024 (MT Newswires) -- Health care stocks were higher late Monday afternoon, with the NYSE Health Care Index rising 0.7% and the Health Care Select Sector SPDR Fund (XLV) adding 0.8%.

The iShares Biotechnology ETF (IBB) climbed 1.7%.

In corporate news, Teladoc Health ( TDOC ) shares popped 14% after the company said Monday it launched an artificial intelligence-enabled feature in its remote monitoring product Virtual Sitter.

Scholar Rock ( SRRK ) shares surged 26% after Wedbush and Truist Securities raised their respective price targets for the biopharmaceutical company's stock.

BridgeBio Pharma ( BBIO ) shares jumped 16%. The firm said late Friday the US Food and Drug Administration approved Attruby for the treatment of the cardiomyopathy of wild-type or variant transthyretin-mediated amyloidosis in adults to reduce cardiovascular death and cardiovascular-related hospitalization.

Cassava Sciences ( SAVA ) shares plunged 85% after the company said its late-stage trial of simufilam in mild-to-moderate Alzheimer's disease didn't meet the co-primary endpoints.