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Health Care Stock Winners and Losers: Merck

Merck and Cardiome Pharma pair up to develop atrial fibrillation drug; Lilly continues its rally.

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

With the exception of

Eli Lilly


, which was up about 1 % to $32.68, and

Procter & Gamble


, 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%.




Cardiome Pharma


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

Johnson & Johnson


, which announced that the CYPHER stent outperformed the ENDEAVOR and TAXUS stents in a trial involving ischemia-driven target lesion revascularization and stent thrombosis, was down 0.1% to $51.39.



was losing 1.6% to $29.58.



was down 0.4% to $13.43.

Novo Nordisk


was down 0.5% to $43.77.