03:56 PM EDT, 10/22/2025 (MT Newswires) -- Health care stocks rose late Wednesday afternoon, with the NYSE Health Care Index up 0.2% and the Health Care Select Sector SPDR Fund (XLV) adding 0.6%.

The iShares Biotechnology ETF (IBB) was shedding 1.3%.

In corporate news, Lakeview Opportunity Fund, a Quipt Home Medical ( QIPT ) shareholder, said the company's board should conduct a review of all strategic options, including a sale of the company. Quipt shares were down 2.6%.

Intuitive Surgical ( ISRG ) shares jumped over 14% after it reported stronger-than-expected Q3 results, driven by double-digit growth in global procedure volumes.

Thermo Fisher Scientific ( TMO ) raised its full-year outlook as the medical device manufacturer reported better-than-expected fiscal Q3 results. Its shares added 1.8%.

Alkermes ( ALKS ) has agreed to buy Avadel Pharmaceuticals ( AVDL ) in a cash deal worth up to $2.1 billion as the Ireland-based biopharmaceutical company seeks to break into the sleep medicine market. Alkermes ( ALKS ) fell 0.9%, and Avadel rose 3.7%.