Updated from 3:45 p.m. EDT
Widely held health stocks sank into malaise Tuesday, and not even continued hype about the swine flu could lift them out of the red.
-- among the prized truffles in the health sector Monday because it makes Relenza, an antiviral drug that could be used to combat swine flu -- fell 3.1% to $30.58.
first-quarter earnings Tuesday, lowered its 2009 guidance to a range of $1.20 to $1.35 a share -- down from its previous expectations of $1.34 to $1.49 per share -- on costs related to its
acquisition. The company reaffirmed its adjusted full-year earnings of $1.85 to $1.95 per share. Pfizer stock fell 0.7% to $13.39.
, meanwhile, also was in the red after reporting quarterly earnings. The company posted a 3%
rise in profit
based in part on sales of Plavix and Abilify, and it reaffirmed its full-year earnings guidance of $1.58 to $1.73 per share. Bristol's stock fell 4.3% to $19.65.
Johnson & Johnson
shares fell 0.4% to $50.65.
fell 1.2% to $23.17.
, among the day's few winners (albeit barely) rose 0.2% to $33.20.
Also gaining was
, which inched up 0.1% to $22.20.
In biotech news, investors were trying to make sense of what happened just before
released its latest
. The company's stock saw double-digit gains before
to $11.81 before trading was halted in advance of the data release.
, which co-developed flu treatment Tamiflu with
, was still riding high a day after getting a boost from the swine flu effect. Shares rose 0.2% to $47.60.