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The Zacks Analyst Blog Highlights: Celgene, Gilead, Amgen, Biogen and Alexion

Zacks Equity Research

For Immediate Release
Chicago, IL – May 01, 2014 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Celgene (CELG-Free Report), Gilead (GILD-Free Report), Amgen (AMGN-Free Report), Biogen (BIIB-Free Report) and Alexion (ALXN-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday’s Analyst Blog:

Biotech Stock Roundup
Last week, several major biotech companies -- Celgene (CELG-Free Report), Gilead (GILD-Free Report), Amgen (AMGN-Free Report), Biogen (BIIB-Free Report) and Alexion (ALXN-Free Report) -- reported first quarter results.
The clear winner was Gilead with its hepatitis C virus (:HCV) treatment, Sovaldi bringing in sales of $2.3 billion in its first full quarter on the market. Although a lot has been said about the drug’s high price, the sales figures show the high acceptance level thanks to its strong efficacy profile. Earnings were way above expectations. The only disappointing part was the company not raising its guidance or providing specific guidance for Sovaldi sales.
Biogen also came out with impressive sales on its oral multiple sclerosis drug, Tecfidera, and raised its guidance for 2014. Alexion topped expectations thanks to Soliris and upped its earnings guidance for 2014.
Meanwhile, Celgene’s earnings were slightly better-than-expected but revenues fell short of expectations. The company maintained its guidance and announced an acquisition deal which will add a late-stage Crohn’s disease experimental drug to its portfolio.
Amgen’s first quarter results were disappointing with the company reporting a decline in earnings. Although revenues increased from the year-ago period, they were well short of expectations. Revenues also fell on a sequential basis with most products recording a sequential decline.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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