Health Winners & Losers: Amylin
Health stocks dragged to start the week, in line with broader markets.
The Nasdaq and Amex biotechnology indices were down 1.4% and 1.9%, respectively. On its first day of action, the new Nasdaq OMX Global Biotechnology Index was down 1.3%.
Pharma stocks fared slightly better, with the Amex pharmaceutical index giving up only 0.9%. However, AstraZeneca (AZN) and King Pharmaceuticals (KG) were its only components that stayed in positive territory.
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