This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

More Biotech Lessons Learned From JPM 2012

Most provocative quote from the conference: Merck's (MRK) worldwide head of licensing and acquisitions Roger Pomerantz telling Bloomberg, "Our goal is to be a leader in hepatitis C, and we will do what it takes to get there."

Does that include making a hostile bid for Inhibitex (INHX)? Hmmm….

On a related note, Merck's research chief doesn't believe the race to develop an all-oral Hep C regimen is winner-take-all. Speaking during Merck's breakout session, Kim said, "It's not clear how many patients the healthcare system can take at one time. It's also not clear how much the payors are going to open up the doors at one time. So the notion that you have a whole bunch of patients just rushing in to get treated and then everything's done, we think, is not the right way to think about this. There is going to be time to sort of what is the optimal combination therapy."

Two drugs I heard about for the first time this week that I want to dig into further: Clovis Oncology's (CLVS) CO-101 (with its companion diagnostic) for pancreatic cancer and Nektar Therapeutics' (NKTR) NKTR181, a novel painkiller designed to cross the blood-brain barrier more slowly and therefore reduce euphoria that can lead to abuse.

Question: Do investors trust Ariad Pharmaceuticals' (ARIA) CEO Harvey Berger to commercialize the leukemia drug ponatinib on his own?

Celgene (CELG - Get Report): Rocking. Strong 2012 guidance, a management team exuded confidence and a calendar filled with big-time regulatory and clinical catalysts.

Déjà vu: Sam Waksal back in front of a podium at the J.P. Morgan conference, this time pitching his new private company Kadmon Pharmaceuticals (which, by the way, is also involved in the hepatitis C drug game.) The last time Waksal spoke publicly at this conference wasn't fun -- for him.

Burrito porn. If you must know, Taqueria Cancun at Mission and 19th St.

--Written by Adam Feuerstein in Boston.



>To contact the writer of this article, click here: Adam Feuerstein.

>To follow the writer on Twitter, go to http://twitter.com/adamfeuerstein.

>To submit a news tip, send an email to: tips@thestreet.com.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ACHN $10.06 0.60%
AMAG $60.01 -0.56%
CELG $118.71 2.26%
CLDX $30.10 0.64%
GERN $4.30 -0.69%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs