Big Week For Biotech

This is a big week for the world's top-two biotechnology companies and their investors. Amgen goes before an FDA Advisory Committee Thursday about the side effects of its bread-and-butter franchise Aranesp, explains CNBC Pharmaceuticals Reporter Mike Huckman. Then on Friday Genentech holds an analyst meeting.

How can you trade it?

I think the Amgennews will be market moving, says Pete Najarian. A thumbs up from the FDA could give the stock a $2 - $4 bounce, but a thumbs down could mean new lows, he says. Also watch Johnson & Johnson .

I like Genentech into the meeting next week, adds Guy Adami. I think the low in this stock is around $75- $78.

Read More:

> Amgen And Genentech: A Big Biotech Double Play

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