03:41 PM EDT, 10/21/2025 (MT Newswires) -- Health care stocks rose late Tuesday afternoon, with the NYSE Health Care Index climbing 0.1% and the Health Care Select Sector SPDR Fund (XLV) adding 0.3%.

The iShares Biotechnology ETF (IBB) shed 0.4%.

In corporate news, Galapagos (GLPG) shares dropped 9.4% after the company said it plans to shut its cell therapy business as part of a structural overhaul.

Danaher's ( DHR ) fiscal Q3 results came in stronger than Wall Street's forecasts, while the medical equipment maker reiterated its full-year earnings guidance. Its shares jumped past 6%.

Hologic ( HOLX ) shares climbed 3% after saying Tuesday it agreed to be acquired by funds managed by Blackstone (BX) and TPG (TPG) in a deal worth up to $18.3 billion, or up to $79 per share.

Pacira BioSciences ( PCRX ) shares dropped 4.9% after it said Tuesday that WhiteOak Group has sent a notice about the filing of an abbreviated new drug application with the US Food and Drug Administration for a product claiming to be a generic of the company's Exparel.