Tuesday, July 26, 2005
Daily required biotech news
Is a daily post focused on biotech news required around here? Man, I'm getting pretty hard on myself. Oh well, here goes how about a 2Q earnings round-up from some of the big guys in biotech.
Amgen has a "blowout" quarter according to The Fool.
Biogen beats expectations
Biosite's earnings up 29% (one of the best run biotechs in my opinion)
Genentech's profits rise 73%
Genzyme's profits jump
Gilead's profits are up 76% (take that DNA)
Imclone earnings are up, but not enough
(how many creative ways can you come up with to say that profits increased?)
All-in-all, it looks like one heck of a quarter for the big biotechs out there. Will this lead to more expansions and acquisitions?
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