Celgene Hits the Mark With Abraxane

By Brenton Flynn and Max Macaluso – Nov 13, 2012 at 7:00AM

NASDAQ: CELG

Celgene

Abraxane looks poised to receive another indication.

In this video, Motley Fool health care analyst Brenton Flynn takes a look at Celgene (NASDAQ:CELG) and its cancer drug Abraxane. The company's shares received a boost on Monday after releasing phase 3 data showing that the drug had a statistically significant impact on survival rates for advanced pancreatic cancer. Flynn takes us through the likelihood of Abraxane getting approval from the Food and Drug Administration, the growth potential in the market for this drug if it is approved, and what that could mean for this company's future.

Brenton Flynn has no positions in the stocks mentioned above. Max Macaluso has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. 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.