Wall Street's biotech analysts and investors spent Thursday night and Friday making sense of scores of abstracts that hit the Web site of the American Society of Clinical Oncology (ASCO) late Thursday, but health stocks generally followed the broader markets lower Friday.
The Amex Biotechnology and Pharmaceutical indices spent most of the day in the red. Amgen (AMGN Quote), Abbott (ABT Quote) and Wyeth (WYE Quote), components of the Pharma index, were each down, but less than a percent.
Giving movement to a few stocks, ASCO posted many of the 5,000 abstracts for studies due to be presented at its annual meeting later this month. ...
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