03:59 PM EDT, 10/11/2024 (MT Newswires) -- Health care stocks were advancing late Friday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.8%.

The iShares Biotechnology ETF (IBB) climbed 1.6%.

In corporate news, CeriBell (CBLL) shares surged past 44%. The company late Thursday priced its initial public offering of 10.6 million shares at $17 each for expected gross proceeds of $180.3 million.

Clover Health Investments ( CLOV ) shares rose 2.8% after the company said that its preferred provider organizations Medicare Advantage plans were rated 4 stars for 2025 by the Centers for Medicare and Medicaid Services.

Upstream Bio (UPB) shares jumped 26% in recent trading in their Nasdaq debut.

Pacific Biosciences of California ( PACB ) shares surged 30% after the company said Friday that it signed a research collaboration agreement with the National Cancer Centre of Singapore.