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Wednesday, April 7, 2010 as of 11:14 AM ET

Pharmaceuticals

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Pharmaceutical drug

A pharmaceutical drug, also referred to as medicine, medication or medicament, can be loosely defined as any chemical substance intended for use in the medical diagnosis, cure, treatment, or prevention of disease.

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Health Care Sector Wrap

The Health Care sector (XLV) held steady on a trading day that saw S&P 500 drop 0.

3%.The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLV was down 2.9% over the last thirty trading days, and the S&P 500 climbed -5.8%.Insulet Corporation (NASDAQ:PODD) declined 3.5% to close at $18, moving below its 50-day moving average of $18.13 and 200-day moving average of $18.45.MAP Pharmaceuticals (NASDAQ:MAPP) rose 6.7% to close at $12.15, approaching its 50-day moving average of $12.57. It has also moved closer to its 200-day moving average of $14.11. ABIOMED (NASDAQ:ABMD) fell 5.1% to close at $20.80, moving down to 1.8% above its 200-day moving average of $20.44.Elan Corporation plc (NYSE:ELN) was a significant gainer in the sector, rising 8.4%. The stock closed at $14.30 with 8.5 million shares moving. The stock traded in a range of $13.22 to $14.49. Share price is up 45 cents (3.2%) from $13.85 on April 26, 2012. ...

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