03:57 PM EDT, 08/04/2025 (MT Newswires) -- Health care stocks advanced late Monday afternoon, with the NYSE Health Care Index up 1.1% and the Health Care Select Sector SPDR Fund (XLV) adding 1.3%.

The iShares Biotechnology ETF (IBB) climbed 1.6%.

In corporate news, Redwire ( RDW ) shares rose past 6% after it said Monday it established a SpaceMD unit focused on growing seed crystals in space to support the development of new or improved pharmaceuticals on Earth.

IDEXX Laboratories ( IDXX ) shares jumped 27% after it posted stronger-than-expected Q2 earnings and revenue, and boosted its 2025 guidance.

TransMedics ( TMDX ) shares climbed 5.7% after it said Monday that the US Food and Drug Administration has granted conditional approval for its Investigational Device Exemption, allowing the company to move forward with its OCS heart trial.

TG Therapeutics ( TGTX ) shares were down over 16% after it reported Q2 earnings that increased year-over-year but fell short of analysts' expectations.