03:59 PM EST, 11/05/2024 (MT Newswires) -- Health care stocks rose late Tuesday afternoon with the NYSE Health Care Index up 0.4% and the Health Care Select Sector SPDR Fund (XLV) adding 0.7%.

The iShares Biotechnology ETF (IBB) climbed 1.4%.

In corporate news, Premier (PINC) shares jumped past 13% after fiscal Q1 earnings beat estimates.

Bionomics (BNOX) shares surged almost 149% after the company said it received a milestone payment of 1 million Australian dollars ($660,000) from Carina Biotech for BNC101.

AstraZeneca's ( AZN ) shares tumbled 7.3% after China's Yicai news agency reported that several senior executives at the company's regional unit were implicated in an insurance fraud case.

Moderna ( MRNA ) Chief Executive Stephane Bancel is stepping down as chief commercial officer and will remain CEO, Bloomberg reported. Moderna ( MRNA ) shares fell 0.5%.