02:01 PM EST, 01/23/2025 (MT Newswires) -- Health care stocks were higher Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both adding 1%.

The iShares Biotechnology ETF (IBB) rose 0.9%.

In corporate news, Elevance Health ( ELV ) reported better-than-expected Q4 results on Thursday, with the health insurer anticipating year-over-year growth for its 2025 earnings and revenue. Its shares gained over 2%.

Sellas Life Sciences ( SLS ) shares fell 13% after the company announced an independent committee's interim analysis of a phase 3 trial of galinpepimut-S for acute myeloid leukemia.

Tiziana Life Sciences ( TLSA ) said Thursday it does not intend to embark on any capital raising activity "for the immediate future." Its shares were down 1%.