03:51 PM EST, 02/28/2025 (MT Newswires) -- Health care stocks rose late Friday afternoon, with the NYSE Health Care Index up 0.5% and the Health Care Select Sector SPDR Fund (XLV) adding 0.7%.

The iShares Biotechnology ETF (IBB) was 0.9% higher.

In corporate news, BioXcel Therapeutics ( BTAI ) shares jumped 24% after the company regained compliance with Nasdaq's minimum closing bid price rule.

Owens & Minor ( OMI ) shares surged 40% after it reported better-than-expected quarterly results and a share buyback plan Friday.

DocGo ( DCGO ) shares fell past 21% after the company reported a Q4 net loss, surprising analysts who expected a profit.

Praxis Precision Medicines ( PRAX ) shares dropped 41%. An independent data monitoring committee overseeing the company's study 1 of the Essential3 program of ulixacaltamide in essential tremor recommended that the study be "stopped for futility."