Health Stock Winners and Losers: Glaxo

Updated from 2:57 p.m. EDT

Widely held health care stocks took a beating Wednesday as a mess of earnings reports gave investors indigestion.

GlaxoSmithKline(GSK Quote) fell 5.3% to $29.29 after the company posted a 13% drop in first-quarter profit.

Merck(GSK Quote) shares were ailing a day after the company reported it had missed analysts' profit estimates and posted lower sales from the year-ago quarter. The stock fell 2.4% to $22.97. Schering-Plough(SGP Quote) shares also fell, losing 2% to $21.67.

Eli Lilly(LLY Quote) shares fell 1.8% to $32.74.

Pfizer(PFE Quote) lost 3.6% to $13.04.

Johnson & Johnson(JNJ Quote) fell 2.4% to $51.18.

Bristol-Myers Squibb(BMY Quote) shares were down 0.8% to $19.85. Novo Nordisk(NVO Quote) rose 1% to $45.99.