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Health Care Stock Winners and Losers: Merck

Stock quotes in this article: MRK , LLY , PFE , BMY , GSK , NVO , PG , JNJ  

Health care stocks were ailing Thursday afternoon despite a rally in the broader market.

With the exception of Eli Lilly(LLY Quote), which was up about 1 % to $32.68, and Procter & Gamble(PG Quote), which was inching up 0.4% to $48.67, widely held health care stocks were losing, while the Dow climbed 2.4% and the Nasdaq rose 3%.

Merck(MRK Quote) and Cardiome Pharma(CRME Quote) announced a partnership to develop a drug for atrial fibrillation, a deal that could result in Merck paying Cardiome more than $600 million. Merck shares were recently falling 1.2% to $26.44 ...

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