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Updated from 12:42 p.m. EDT
Health care stocks were faring well Tuesday, this 12th day of May, despite a undulating broader market.
Bristol-Myers Squibb(BMY Quote) announced Tuesday that it would confirm its earnings forecast at the Bank of America and Merrill Lynch Health Care Conference on Wednesday in New York. Last month the company said it expects full-year earnings in the range of $1.58 to $1.73 a share. Bristol shares were tacking on 1% to $20.50 in recent trading.
GlaxoSmithKline(GSK Quote) announced that it was acquiring a 16% stake in South Africa-based Aspen Pharmacare in exchange for a divestiture of assets including eight specialist medicines and a manufacturing facility in Bad Oldesloe, Germany. ...
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