Time to Buy This Beaten-Down Biotech Stock?
The following video is from today's MarketFoolery podcast, in which host Chris Hill, along with Charly Travers, Mike Olsen, and Joe Magyer, discuss the latest business news. After a federal court ruled in its favor, shares of Teva Pharmaceutical popped 6% on Monday while shares of Momenta Pharmaceuticals fell 20%. In this segment, Charly analyzes the competitive landscape in the biotech industry and shares why he believes Momenta is a company in great shape, despite having a bad day.
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The article Time to Buy This Beaten-Down Biotech Stock? originally appeared on Fool.com.Chris Hillowns no shares of any of the companies mentioned. The Motley Fool owns shares of Momenta Pharmaceuticals.Motley Fool newsletter serviceshave recommended buying shares of Momenta Pharmaceuticals. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.