“Remember, biotech’s not the old biotech everybody used to focus on, where they were trading at incredible multiples,” he said. “These are companies that are mature companies that trade much more like the big pharma names as well.”
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Trader disclosure: On Dec. 28, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Najarian is long AAPL; Najarian is long C; Najarian is long HPQ; Najarian is long MT; Najarian is long PFE; Najarian is long LLY; Najarian is long MRK; Najarian is long MSFT; Najarian is long YHOO; Cortes is long K; Cortes is short EUR; Cortes is short GBP; Cortes is short Crude; Cortes is short Gold; Cortes is short XRT; Cortes is short IYT; Cortes is short CSX; Dicker owns GM; Dicker owns RIG; Dicker owns NBL
For Ron Insana
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No personal, family, or Miller Tabak ownership of DIS shares, nor do we do investment banking for them
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For Stephen Schork
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For Rohit "Ro" Chopra
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