2 Blockbuster Drugs See Sudden Safety Issues
Big biotechs have gone on a huge run lately. The strength of that run largely emanates from the strength of their pipelines. Blockbuster drugs either just hitting the market or not far from a commercial debut have caused earnings projections to skyrocket, making expensive stocks look cheap in out years.
However, safety issues are a sure fire way to deny these drugs their seemingly pre-ordained profits. And to that end, two of the bigger drugs -- Celgene's Revlimid and Biogen's Tecfidera -- were recently hit with negative safety headlines.
In this video, health care analyst David Williamson discusses whether investors in Celgene and Biogen should be concerned about these sudden safety issues.
Rising health care costs continue to be a hotly debated topic, and even legendary investor Warren Buffett called this trend "the tapeworm that's eating at American competitiveness." To learn more about what's happening to the health care system -- and how to potentially profit from this trend -- click here for free, immediate access.
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The article 2 Blockbuster Drugs See Sudden Safety Issues originally appeared on Fool.com.David Williamson has no position in any stocks mentioned. Follow David on Twitter: @MotleyDavid.The Motley Fool recommends Celgene. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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