Celgene Gets Good News On Two Cancer Drugs; Stock Up

By | January 7, 2014

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Biotech Celgene (CELG) received a double dose of good news Tuesday as its drug Abraxane won a key approval in Europe, and partner Epizyme (EPZM) produced positive results on its leukemia drug. In early trading, Celgene stock was up 2%, near 165, while Epizyme’s vaulted 68% in the stock market today. The European Commission approved Abraxane combined with gemcitabine (better known as Eli Lilly’s (LLY) Gemzar) as a first-line treatment for Scalper1 News

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