Top Takes From RealMoney

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Amgen Rocks With D-mab Cancer Data

By Adam Feuerstein
7:28 a.m. EDT

Owning Amgen(AMGN Quote) into the denosumab cancer data released last night was the right call, and I hope readers were there for it.

I added Amgen to my (now-defunct) newsletter's model portfolio in early March with the stock at $46. My thesis was fairly simple: Amgen was trading with a significantly discounted P/E that didn't take into account the growth which would come (hopefully) from positive d-mab cancer data; plus with Roche gobbling up Genentech, biotech investors would be looking for a new big-cap biotech stock in which to park some capital. ...