Shares of Threshold Pharmaceuticals (NASDAQ: THLD ) jumped up 15% today, bizarrely upon news that its competitor Celgene (NASDAQ: CELG ) announced a set of successful phase 3 results. In this video, Motley Fool health-care analyst David Williamson tells investors what was behind this counterintuitive pop, and why it could be an excellent indicator for some of Threshold's own trials.
It's unusual to see a competitor's success bring a company's stock up, but that's what happened today with Threshold and Celgene. With Celgene's broad portfolio of drugs and a strong pipeline to boot, many investors see it as a smarter way to play the biotech investing game. While Celgene might be a safer stock than its small biotech brethren, investors need to know about the key opportunities and risks facing the company. We run through them all in The Motley Fool's brand-new premium report on Celgene. To claim your copy today, simply click here now.