Drug Pipeline Picking Up

Wednesday, 12 Sep 2007 | 1:11 PM ET

There’s a ton of Big Pharma and Biotech news coming out. And most of it reinforces the call from the Fast Money traders to buy these stocks heading into the end of this year.

Tomorrow's Headlines #1
A flurry of positive news today supporting biotech and pharma, with the Fast Money traders and CNBC's Mike Huckman.

CNBC Pharma Reporter Mike Huckman joins the guys to help sort through the headlines. Here are highlights from what was said.

- An FDA panel rejected new restrictions on a new anemia drug from Amgen (AMGN), for kidney dialysis patients. Amgen surged 6% on the news. Karen Finerman adds that dialysis-provider DaVita (DVA) jumped 4% on the headline

- Imclone (IMCL) surged 18% after a study suggested that Erbitux prolonged the lives of lung cancer patients. However it’s not clear how much longer the patients survived. The news hurt Genetech (DNA) because they also have two lung cancer drugs in the pipeline.

- Arena (ARNA) says its obesity pill doesn't appear to cause Fen-Phen-like heart damage. Mike adds that Arena traded lower after trading higher initially. Pete Najarian recommends selling this stock into the rally.

- Sepracor (SEPR) shares jumped on its plan for GlaxoSmithKline (GSK) to market Lunesta outside of North America.

Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On Sept. 11, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC); Najarian Owns (BJS); Najarian Is Short (GS); Pete Najarian Is The Co-Founder Of optionmonster.com, Finerman's Firm Owns (CMVT), (DVA), (JNJ), (KFT), Finerman's Firm Owns S&P 500 Puts And Calls; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm And Finerman Own (FTWR), (HD)

  Price   Change %Change

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report