02:08 PM EDT, 05/30/2024 (MT Newswires) -- Health care stocks were rising Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding about 0.4%.

The iShares Biotechnology ETF (IBB) was up 0.5%.

In corporate news, Avita Medical ( RCEL ) shares jumped 10% after the US Food and Drug Administration approved its premarket approval supplement for its cell harvesting device, Recell Go, to treat thermal burn wounds and partial and full-thickness defects.

Xeris Biopharma ( XERS ) shares surged past 16% after the firm reported positive topline phase 2 data of its investigational XeriSol-formulated once-weekly subcutaneous levothyroxine for the treatment of adults with hypothyroidism.

INmune Bio ( INMB ) shares rose 1.4% after the company said it will join the broad-market Russell 3000 index July 1.