Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Celgene Corporation

(

CELG

) pushed the Drugs industry higher today making it today's featured drugs winner. The industry as a whole closed the day up 0.9%. By the end of trading, Celgene Corporation rose $2.01 (1.6%) to $124.59 on light volume. Throughout the day, 2,366,871 shares of Celgene Corporation exchanged hands as compared to its average daily volume of 3,199,000 shares. The stock ranged in a price between $123.86-$126.15 after having opened the day at $124.52 as compared to the previous trading day's close of $122.58. Other companies within the Drugs industry that increased today were:

PharmAthene

(

PIP

), up 26.9%,

Sinovac Biotech

(

SVA

), up 20.5%,

Biosante Pharmaceuticals

(

BPAX

), up 12.1% and

Star Scientific

(

STSI

), up 11.9%.

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Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes therapies for the treatment of cancer and immune-inflammatory related diseases in the United States, Europe, and other countries. Celgene Corporation has a market cap of $51.1 billion and is part of the health care sector. The company has a P/E ratio of 37.3, above the S&P 500 P/E ratio of 17.7. Shares are up 56.2% year to date as of the close of trading on Friday. Currently there are 21 analysts that rate Celgene Corporation a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates

Celgene Corporation

as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Genvec

(

GNVC

), down 34.7%,

Oxygen Biotherapeutics

(

OXBT

), down 12.9%,

China Pharma

(

CPHI

), down 10.6% and

Tianyin Pharmaceutical

(

TPI

), down 9.7% , were all laggards within the drugs industry with

Novartis

(

NVS

) being today's drugs industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the drugs industry could consider

SPDR S&P Pharmaceuticals ETF

(

XPH

) while those bearish on the drugs industry could consider

ProShares UltraShort Nasdaq Biotech

(

BIS

).

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