01:54 PM EDT, 03/24/2025 (MT Newswires) -- Health care stocks were higher Monday afternoon, with the NYSE Health Care Index up 0.4% and the Health Care Select Sector SPDR Fund (XLV) rising 0.7%.

The iShares Biotechnology ETF (IBB) climbed 1%.

In corporate news, Tonix Pharmaceuticals ( TNXP ) shares jumped more than 32% after the company said the US Food and Drug Administration will not require an advisory committee meeting regarding its new drug application for TNX-102 SL, a product candidate to treat fibromyalgia.

23andMe (ME) filed for Chapter 11 bankruptcy protection on Monday to help facilitate a potential sale while Anne Wojcicki resigned as chief executive, less than a month after she attempted to buy the genetic testing firm. 23andMe shares fell past 56%.

Novo Nordisk ( NVO ) secured exclusive global rights to United Laboratories International's therapeutic candidate for obesity and type 2 diabetes in a licensing deal worth up to $2 billion. Novo shares were down 2%.