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Wall Street Backs the Wrong Biotech

Saturday - 4/13/2013, 4:29am  ET

In this video, David Williamson reviews some of his favorite biotech firms. Many analysts have thrown their weight behind Biogene  and its new BG12 drug for multiple sclerosis. However, David favors Gilead  over Biogene since Gilead has a larger, more diverse product pipeline. Celgene  is the No. 1 biotech in David's opinion since it also has blockbuster drugs but a PEG of less than 1.0. Amgen  is a big company with more products in development than most people realize. Overall, for value and future earnings potential, David likes Celgene the best.

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