04:02 PM EDT, 07/22/2025 (MT Newswires) -- Health care stocks rose late Tuesday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both advancing 1.8%.

The iShares Biotechnology ETF (IBB) climbed 2.8%.

In corporate news, Nutex Health ( NUTX ) shares fell 13% after short seller Blue Orca Capital published a report saying that the company's share price surge was due to working with HaloMD, a firm allegedly engaged in "fraudulent practices".

AstraZeneca ( AZN ) shares rose 2.6% after the company said it plans to invest $50 billion in the US by 2030, including a new manufacturing facility in Virginia.

Iqvia ( IQV ) shares jumped 19% after it reported higher Q2 adjusted earnings and revenue.

Replimune ( REPL ) shares tumbled 77% after Wedbush Securities downgraded the company to neutral from outperform, while cutting its price target to $4 from $19.