Tuesday, July 15, 2008

In Tough Times, Genentech and J&J Keep Rolling

Two remarkably sunny reports just in from the stormy seas of the drug business: Genentech and Johnson & Johnson reported solid second-quarter earnings. The moral of the story is familiar but worth repeating here: Biotech specialty drugs and diversified business lines are two good defenses against the problems facing the drug business these days.
Late yesterday, [...]

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