3 Reasons Celgene Will Bounce Back This Year
The market's up-and-down performance in 2014 has taken its toll on the biotech sector, and big biotech Celgene hasn't been immune to the sectorwide slump. Celgene's shares have fallen by double-digit percentages since the year kicked off, even as the company's star drug, myeloma treatment Revlimid, continues to grow. Revlimid makes up around two-thirds of Celgene's overall sales, but despite the solid performance from the company's most important drug, investors have soured on this stock lately.
However, slumps like this can be the perfect opportunity to buy a great stock, and Celgene has all the makings of a long-term winner. Revlimid holds patent protection until 2027 in the U.S., but it's not all Celgene has going for it. The company boasts a growing portfolio of drugs, both in its dominant myeloma niche as well as branching into new markets.
All this makes for a lot of momentum in Celgene's corner, even as this stock struggles in 2014. But is that enough to mount a bounce-back for shares this year? Find out in the video below, as Motley Fool contributor Dan Carroll takes you through everything you need to know about this star biotech stock and the biggest drivers of a rebound through the rest of 2014.
Can Celgene rival The Motley Fool's top stock in 2014?
As smart biotech investors know, there's a huge difference between a good stock and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.
The article 3 Reasons Celgene Will Bounce Back This Year originally appeared on Fool.com.Dan Carroll has no position in any stocks mentioned. The Motley Fool recommends Celgene. It also recommends and owns shares of Johnson & Johnson. 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.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.