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Closing Glance: Pharmaceuticals



By AP
17 June 2008 @ 04:22 pm EST

NEW YORK - NEW YORK (AP)--Shares of pharmaceutical companies closed mixed Tuesday as the broader market lost ground on Labor Department data showing its index of producer prices jumped 1.4 percent in May, the largest increase since November.

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Quotes
ELN 12.96 0.18
SGP 19.26 0.1
MRK 34.3 0.13
PFE 18.51 -0.16
WYE 40.81 -0.24

SYMBOL LOOKUP

In industry news, Wyeth and Elan Corp. PLC gained on positive data from a mid-stage study of their new Alzheimer's drug.

How some key drug makers performed Tuesday:

Schering-Plough Corp., up 6 cents to $19.26.

Merck & Co., down 33 cents to $34.68.

Wyeth, up $2.08, or 4.8 percent, to $45.16.

Pfizer Inc., down 5 cents to $17.72.

Elan Corp. up $2.89, or 10.7 percent, to $30, after hitting a six-year high of $30.03 during the session.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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