The pre-ASCO hype has already begun but many biopharma stocks have already run up 15%+ YTD. So it is time to be cautious as there may be an “ASCO Effect”- a sell on the news effect.

Despite a weak tape in the major indices the life science sector has a lot of green.

Today there were some good moves in the Rayno Life Science Portfolio: Albany Molecular (AMRI), Biogen (BIIB), Cardiovascular Sciences (CSII) Exact Sciences (EXAS), Gilead (GILD),Regeneron (REGN), SuperGen(SUPG) and Targacept (TRGT).

Acorda(ACOR) was up 15% today on MS drug approval in Europe. Biogen-Idec will market the drug paying Acorda royalties.

Some of the biopharmaceutical stocks on the ASCO radar are as follows:

ARIA, ECYT, EXEL, IMGN,INCY, NKTR, OXGN,  SUPG….more on these later.

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