Wed, Jul 9, 2014, 10:16 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Sarepta Therapeutics, Inc. Message Board

  • iminjim iminjim Nov 12, 2012 3:16 PM Flag

    BARRON'S "A BIOTECH BEAUTY for the LONG RUN " (CELG) link

    Barron's Take
    | MONDAY, NOVEMBER 12, 2012
    A Biotech Beauty for the Long Run
    By JOHANNA BENNETT | MORE ARTICLES BY AUTHOR
    Late Friday, Celgene (ticker: CELG), a cancer-drug specialist, gave investors a glimpse of data from a late-stage study showing that its drug Abraxane significantly improved the life spans of patients with pancreatic cancer, one of the deadliest and hardest-to-treat diseases. And the company said it plans to submit the drug for approval in the U.S., Europe and elsewhere.
    Celgene offers huge upside. BMO Capital Markets analyst James Birchenough sees the stock rising more than 20% in the next year to $90 a share. And at 13.7 times forward earnings, Celgene has rarely been this cheap in the last five years.
    The company mainly sells drugs that treat blood cancers. But it has labored to expand into therapies for solid tumors, and in 2010 paid $2.7 billion to buy Abraxis BioScience. The deal gave it the drug Abraxane, which was already approved as a treatment for breast cancer, and in October, it received FDA approval or nonsmall-cell lung cancer.
    But the pancreatic cancer market is potentially lucrative. If the FDA approves the new use, it could boost Celgene's chance of exceeding its goal to generate annual revenue of $8 billion to $9 billion by 2015, says UBS analyst Matt Roden. One thing is for sure, CELG can deliver potent returns.

 
SRPT
25.89+0.21(+0.82%)Jul 9 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.