Biotech

Myriad Genetics' Meldrum Is Best In Biotech

Stock quotes in this article:MYGN, ELN, IDIX, EBS, GILD, IDMI, SQNM 

From the crop of big-cap biotech companies, Gilead Sciences (GILD)CEO John Martin deserves the most praise for continuous excellence, while Amgen(AMGN) CEO Kevin Sharer wins comeback of the year honors.

Two other biotech chiefs are also deserving of mention. First, Medivation's(MDVN) David Hung negotiated a fat $250 million upfront payment from Pfizer for co-development rights to his Alzheimer's drug Dimebon.

Second, a conditional honorable mention goes to Brian Pereira of AMAG Pharmaceuticals(AMAG). If the FDA approves AMAG's iron replacement therapy on Dec. 30, Meldrum may have to share the Best CEO trophy. Then again, if the FDA delays approval, Pereira might find himself an early contender for worst biotech CEO of 2009.

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At the time of publication, Adam Feuerstein's Biotech Select model portfolio was long DNA, GILD, MDVN and AMAG. Feuerstein writes regularly for TheStreet.com. In keeping with TSC's editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet.com. He also doesn't invest in hedge funds or other private investment partnerships. Feuerstein appreciates your feedback; click here to send him an email.

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