Health care stocks were higher Monday afternoon, with the NYSE Health Care Index up 0.2% and the Health Care Select Sector SPDR Fund (XLV) adding 0.6%.

The iShares Biotechnology ETF (IBB) shed 0.3%.

In corporate news, IDEXX Laboratories (IDXX) shares jumped 12% after the company reported quarterly earnings that beat estimates.

Becton Dickinson (BDX) is considering a potential separation of its life science division, according to media reports. Becton Dickinson shares were up 0.6%.

Annovis Bio (ANVS) shares fell nearly 30%. The company said it priced an underwritten public offering of 5.25 million shares and warrants to buy 5.25 million shares at a combined price of $4 per share.