On the other hand, CV Therapeutics (CVTX) slumped more than 25% after the company's angina drug Ranexa was found to be ineffective in a study when used to treat acute coronary syndrome. Shares were recently losing $3.12 to $9.18.
Progenics Pharmaceuticals (PGNX - Get Report) dropped after saying late Tuesday it will partner with Wyeth (WYE) to reformulate its methylnaltrexone drug for a proposed treatment for side effects of opioid analgesics. However, the companies do not expect to file a new drug application with the Food and Drug Administration until the end of 2009. Progenics was down $3.33, or 12.4%, to $23.43.Among other health care winners, Tercica (TRCA) was surging 23% to $6. Elan (ELN) was higher by 2.2% at $13.03. Pfizer (PFE - Get Report) was gaining 1% to $25.43. Among decliners, Affymetrix (AFFX) was losing 2.6% at $25.98. Biogen Idec (BIIB) was lower by 1.3% to $43.60. MedImmune (MEDI) slipped 1% to $30.94.