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Pharma, Healthcare ETFs in Focus on M&A Talk, Earnings

By: ETF Trends
Posted: 4/18/2011 8:29:00 AM
Referenced Stocks: IHE;JNJ;LLY

Exchange traded funds (ETFs) tracking pharmaceutical and healthcare stocks could see action Monday on news Johnson & Johnson ( JNJ ) is on the prowl for acquisitions and earnings from Eli Lilly ( LLY ).

Swiss device make Synthes confirmed it is in merger negotiations with J&J, according to reports. Shares of U.K. medical technology company Smith & Nephew traded lower as takeover hopes suffered a blow after the bid for Synthes, MarketWatch reported.

Separately, Eli Lilly said its first-quarter profit fell from the year-earlier period.

The largest healthcare ETFs by assets include Health Care SPDR (NYSEArca: IYH).

In pharma ETFs, the most popular offerings include Pharmaceuticals HOLDRS ( IHE ).

Health Care SPDR