01:58 PM EST, 01/07/2025 (MT Newswires) -- Health care stocks rose Tuesday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both up 0.7%.

The iShares Biotechnology ETF (IBB) climbed 1.2%.

In corporate news, Stryker (SYK) agreed to buy medical technology maker Inari Medical ( NARI ) for $4.9 billion in cash. Stryker shares fell 1.2%, and Inari jumped 22%.

Hoth Therapeutics ( HOTH ) shares more than tripled after interim results from a phase 2a trial of HT-001 showed that all patients met the primary efficacy endpoint.

Immuneering ( IMRX ) shares rose 5.1% after new data from a phase 2a trial of the company's lead candidate IMM-1-104 in pancreatic cancer showed better overall response and disease control rates.