It seems to me that the selloff is considerably overblown.
CELG still has an impressive pipeline, cash and a talent for picking up new drugs very profitably.
As this drop illustrates, there is a substantial failure rate in clinical trials, but the market gasps and clutches it's proverbial breast in surprise each time.
Seems to me to be a very clear BUY signal, and i will as soon as it stops sinking!
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