03:58 PM EDT, 03/31/2025 (MT Newswires) -- Health care stocks rose late Monday afternoon, with the NYSE Health Care Index up 0.9% and the Health Care Select Sector SPDR Fund (XLV) gaining 1%.

The iShares Biotechnology ETF (IBB) fell 1.8%.

In corporate news, NewGenIvf ( NIVF ) shares fell 34% after the company terminated an agreement with European Wellness Investment for a reverse merger.

Shares of several vaccine companies slumped after Peter Marks, the US Food and Drug Administration vaccine chief, resigned late Friday, citing conflicts with Health and Human Services Secretary Robert F. Kennedy Jr. Moderna ( MRNA ) fell 8.9%, Novavax ( NVAX ) dropped 8.5% and BioNTech (BNTX) declined 4%.

Vaxcyte's ( PCVX ) results for vaccine candidate VAX-24 came in below some Wall Street expectations, while still fundamentally positive, Mizuho Securities said. Vaxcyte ( PCVX ) shares plunged 46%.

Corcept Therapeutics ( CORT ) shares doubled after the company said its phase 3 trial of relacorilant plus nab-paclitaxel to treat a type of ovarian cancer met its primary goal.