Amgen Earnings just OK; January effect for BIO topped out
AMGN-Top line revenue slowing One of the largest biotech companies reported earnings within estimates with full year 2009 EPS of $4.91 up 8% on Revenue of $14.6B down 2%.2010 Total Revenue is expected to be in the $15.1B to $15.5B range with adjusted EPS at $5.05 to $5.25.U.S. Product Sales...
Waxman Power Play to squeeze Biotech for “biogenerics”
It is hard to believe but the Obama administration wants to open up a new political front at the last minute to squeeze the biotechnology industry after everyone thought the 12 year protection from generic biologicals was a "done deal". http://www.genengnews.com/articles/chitem.aspx?aid=2717...
JPMorgan Healthcare Conference 2010: Themes and News
Here are some of the broader themes and market trends gleaned from Company presentations: 1.) There is a shift from small molecule drug development to biologicals and vaccines. e.g. Pfizer (PFE) 2.) "Bolt-on" acquisitions of smaller companies are being done to bolster product portfolios and...
JPMorgan Healthcare Conference-2010 Day One-Monday January 11
Over 5000 people piled into the Westin St. Francis Hotel in San Francisco for the 28th Annual Conference. Investors, Company presenters and entrepreneurs were emboldened by good biotech sector returns in 2009 of 18-28% with many stocks reaching new highs. Seasonality has been a factor with the...
JPMorgan Healthcare Conference Jan.11-14 San Francisco
We will be attending the 28th Annual JPMorgan Healthcare Conference in San Francisco and reporting on various companies and news on the Genetic Engineering News WEB site (www.genengnews.com). Although we will be attending presentations of companies in all sectors we will try to focus on the...