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 (NASDAQ: CELG  ) 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.


Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2925314, ~/Articles/ArticleHandler.aspx, 11/23/2014 12:48:06 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement