Huckman's Drug Headlines

Wednesday, 24 Oct 2007 | 7:27 PM ET

Lots of late news from the drug makers. CNBC’s Mike Huckman has the latest.

There are 3 big pieces of information that Mike Huckman feels investors should know about. They follow:

Eli Lilly

Eli Lilly (LLY) is halting patient enrollment in 2 small clinical trials for Prasugrel, a blood-clotting drug that would have competed with Plavix. The company isn’t giving many details and Huckman adds that investors are spooked by the news.


Sales of Amgen’s (AMGN) top-selling drug Aransep fell 23%. Now, Amgen’s only great hope is a late stage developmental drug for osteoperosis says Huckman. The “make or break” data is due out sometime next year.

> Read more about Amgen Q3 earnings


There’s a new FDA warning on a potentially fatal skin rash that develops as a side effect from a Narcolepsy drug made by Cephelon (CEPH). Huckman suggests CEPH could trader lower on this news.

Tomorrow's Trades #2
An after hours drug trade update, with CNBC's Mike Huckman.
  Price   Change %Change

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 Oct 24, 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 (DIS), (INTC), (ATVI), (YHOO) (EMC); Najarian Owns (C), (DISH), (EMC), (MSFT), (YHOO), (SNDK), (GOOG); Finerman Owns (GS); Finerman's Firm Owns (ASD), (BIIB), (CTX), (MSFT), (NYX), (NMX), (TGT), (WMT), (PLCE), (MO), (C); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm And Finerman Own (HD), (C), (FLS), (KALU)

  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