<< Read Full Article

Second-Half Biotech: Healing the Wounded

Stock quotes in this article: BIIB , AMGN , DNA , CHIR  

The biotech sector, a furnace of stock-market Darwinism, could be a setting for rebirth in the second half of 2005.

Biogen Idec(BIIB Quote) and Chiron(CHIR Quote) will both be searching for redemption after high-profile disasters. Meanwhile, Amgen(AMGN Quote) hopes to surprise Wall Street with strong earnings and report positive results for drugs that are crucial to its future pipeline.

The highest drama involves Biogen, whose withdrawal of multiple sclerosis drug Tysabri in February lopped 40% off the company's market capitalization and raised survival concerns for its smaller partner, Elan(ELN Quote). ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,388.90 1,105.98 2,194.35 34.83
Oil *
77.74
UP
22.75
UP
6.06
UP
21.21
UP
1.03
10 Yr
3.48%
SPDR Gold
113.75
+0.22%
+0.55%
+0.98%
+3.05%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services