GO
Loading...

Biotech Mergers & More

Wednesday, 30 Mar 2011 | 5:45 PM ET

The traders suggest taking a closer look at biotech in the wake of a $5.7 billion hostile bid by Valeant for bio-pharmaceutical company Cephalon.

Will the bid be successful or will they need to increase their offer? And are more mergers to come?

Find out from David Amsellem, senior pharmaceutical research analyst at Piper Jaffray.

Watch the video now!

Chart of the Day & Valeant Makes a Move
Honeywell and copper, and a look at Coca-Cola, with CNBC's Melissa Lee and the Fast Money traders. And biotech hits new highs as Valeant makes an offer for Cephalon, with David Amsellem, Piper Jaffray analyst. Also, Pops & Drops.




______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On March 30, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Kinahan Owns (GE) Through Stock And Options; Kinahan Owns (MOS) , Is Short (MOS) calls; Kinahan is Long (NFLX) puts; Kinahan is Owns (YHOO); Kinahan is Short (SPY) through Options; Kinahan Owns (CSCO); Kinahan is Long (TBT) through Options; Kinahan Owns (WAG); Kinahan is Short (XHB) Through Options; Kinahan is Long (MSFT) Through Options; Adami owns (AGU); Adami owns (C ); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Terranova owns (CNQ); Terranova owns (RSX); Terranova owns (CVI); Terranova owns (DIS); Terranova owns (AKAM); Terranova owns (JNPR); Terranova owns (XOM); Terranova owns (IBM); Terranova owns (TEVA); Terranova owns (BAX); Terranova owns (PBR); Terranova owns (MS); Terranova owns (UPL); Terranova owns ( C); Terranova owns (JPM); Terranova owns (VRTS); Terranova owns (GS); Terranova is long (AAPL) puts; Terranova is long (AKAM) calls

For Brian Kelly
Accounts Managed by Kanundrum Capital are long (EBAY)
Accounts Managed by Kanundrum Capital are long (GLD)
Accounts Managed by Kanundrum Capital are long (SLV)
Accounts Managed by Kanundrum Capital are long gold
Accounts Managed by Kanundrum Capital are long silver
Accounts Managed by Kanundrum Capital are long oil
Accounts Managed by Kanundrum Capital are long (VLO)
Accounts Managed by Kanundrum Capital are long (PGH)
Accounts Managed by Kanundrum Capital are long (NLY)
Accounts Managed by Kanundrum Capital are short copper
Accounts Managed by Kanundrum Capital are short (XLF)
Accounts Managed by Kanundrum Capital are long natural gas

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (NCRI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (DOM)

Mark Mahaney
Citigroup Global Markets Or Affiliates Has Recieved Investment Banking
Compensation From (PCLN) In Past 12 Months
Citigroup Global Markets Or Affiliate Recieved Non-Investment Banking Compensation From (OWW), (AMZN), (EXPE) In Past 12 Months
(PCLN) Is Or In Past 12 Months Was An Investment Banking Client Of Citigroup Global Markets
(OWW), (AMZN), (EXPE) Is Or In Past 12 Months Was A Non-Investment Banking Client Of Citigorup Global Markets (Securities-Related Services, Non-Securities-Related Services)
Citigroup Global Markets Is A Market Maker In (PCLN), (AMZN), (EXPE)
Citigroup Global Markets And/Or Affilaites Has A Significant Financial Interest In Relation To (EXPE)

For David Amsellem
Piper Jaffray Or Affiliates Own 1% Or More Of (ACRX)
(ACRX), (PCRX), (SOMX) Have Been Investment Banking Clients Of Piper Jaffray In Past 12 Months
Piper Jaffray Expects To Have (ACRX), (PCRX) As Investment Banking Clients In Next 3 Months
Other Conflicts For (ACRX), (PCRX), (SOMX): Underwriting
Piper Jaffray Is A Market Maker In (ACOR), (ACRX), (CEPH), (DRRX), (ENDP), (IPXL), (ISPH), (OMPI), (PCRX), (SHPGY), (SLXP), (SNTS), (SOMX), (TEVA), (XNPT)
Piper Jaffray Usually Provides Bids And Offers For And Will From Time To Time Buy And Sell On A Principal Basis: (AGN), (BVF), (FRX), (MRX), (VRX), (WPI)

For Mike Khouw
***No Dislcosures On RRC

For John Sanow
**No Disclosures

Alexandra Lebenthal
**No Disclosures

For Jesse Eisinger
**No Disclosures

Comcast Is The Parent Company Of CNBC
Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC


CNBC.com with wires.

  Price   Change %Change
VRX
---

Featured

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