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5 Biotech Stocks That Are Catching Fire

These five biotech stocks are among some of the hottest movers in a start-of-2017 rush into the healthcare space

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Biotech Stocks Catching Fire: Valeant Pharmaceuticals (VRX)

Biotech Stocks Catching Fire: Valeant Pharmaceuticals (VRX)

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) shares are testing above their 50-day moving average for the first time since September, potentially marking the end of a six-month downtrend.

The Canadian-based drugmaker is on the move after announcing two divestures to repay its senior credit facility and provided Phase 3 study results for its psoriasis treatment IDP-118. The sale includes its remaining equity stake in Dendreon Pharmaceuticals.

Valeant will next report results on March 13 before the bell. Analysts are looking for earnings of $1.21 per share on revenues of $2.34 billion.

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Article printed from InvestorPlace Media, http://investorplace.com/2017/01/5-biotech-stocks-catching-fire-abt-vrx-srpt-etrm-aria-ilmn/.

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