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Big Biotech Nears Pivotal Juncture
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Throughout the next couple of weeks, Wall Street will see quarterly results from some of the leading companies in biotech, starting Tuesday afternoon with Genentech (DNA Quote).
Genzyme (GENZ Quote) will report July 12, and the following week, on July 20, Gilead Sciences (GILD Quote) and Amgen (AMGN Quote) will release their results.
Big things are expected out of the big names. While earnings per share growth is only anticipated to rise 0.6% in the quarter for the biotech industry, the four stocks mentioned above are projected to sharply exceed the broader sector. ...
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