Wyeth (WYE Quote) reported a 12% rise in first-quarter earnings compared with the year-ago quarter. However, sales of the company's top-selling drug, the antidepressant Effexor, slid 6%. Wyeth lost 67 cents, or 1.2%, at $55.66.
Other health care providers lost ground as well. MedcoHealth (MHS Quote) was down 1.8%, Coventry Health (CVH Quote) slid 1.2%, and WellPoint (WLP Quote) was off 1.8%. Medical-device makers were also under pressure. Stryker (SYK Quote) beat first-quarter earnings targets after reporting results following Wednesday's close, but the stock fell $3.09, or 4.5%, to $66.01. Among other device makers, Zimmer Holdings (ZMH Quote) shed 2.1%, and Boston Scientific (BSX Quote) was off 0.7%.- Loading Comments...
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