Celgene Most Impressive On Day 1 of J.P. Morgan Healthcare Confab

SAN FRANCISCO ( TheStreet) -- Celgene ( CELG) was a big winner on the first day of the J.P. Morgan Healthcare Conference.

The big-cap biotech is the traditional kick-off presentation at this closely followed conference, and this year, the company set a high bar for its competitors with strong financial guidance (including a bullish 2017 forecast for the first time) and positive psoriasis results from studies involving its experimental drug apremilast.

Celgene shares rose more than 4% to $85.73 on Monday and the stock was up again in Tuesday's pre-market session, bolstered by some analyst upgrades.

Gilead Sciences ( GILD) and Biogen Idec ( BIIB) also presented at the J.P. Morgan conference on Monday. While both offered confident outlooks for the coming year, Celgene was a standout. Amgen ( AMGN) presents at the conference later today.

Read a lot more about Celgene's outlook and the way investors and others reacted to the company's J.P. Morgan presentation on Twitter with this Appeering conversation thread:

-- Reported by Adam Feuerstein in Boston.  

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