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The Zacks Analyst Blog Highlights: Celgene, Pharmacyclics, Geron, Incyte and Infinity Pharmaceuticals

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CHICAGO, Dec. 19, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Celgene (Nasdaq: CELG-Free Report), Pharmacyclics (Nasdaq: PCYC-Free Report), Geron (Nasdaq: GERN-Free Report), Incyte (Nasdaq: INCY-Free Report) and Infinity Pharmaceuticals (Nasdaq: INFI-Free Report).

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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday's Analyst Blog:

Biotech Stock Roundup

Last week was dominated by updates and data presentation at the annual meeting of the American Society of Hematology (ASH). The meeting, which kicked off over the weekend, continued into the first two days of last week. Companies that were in the limelight thanks to encouraging data include Celgene (Nasdaq: CELG-Free Report), Pharmacyclics (Nasdaq: PCYC-Free Report) and Geron (Nasdaq: GERN-Free Report).

CELG Gains on Blood Cancer Data: Celgene's shares inched up 2.15% on data presented by the company at ASH on its cancer treatment, Revlimid. Phase III data showed that continuous treatment with Revlimid + low-dose dexamethasone significantly improved progression free survival compared with the standard therapy - melphalan, prednisone and thalidomide. The study is being conducted in newly diagnosed multiple myeloma patients.

It is highly anticipated that the recently released data will help establish Revlimid as a standard for the continuous treatment of multiple myeloma patients. This would allow Celgene to rake in additional sales from Revlimid, which is already a blockbuster ($2.8 billion sales in the first nine months of 2013).

Others at ASH: There was huge attendance at ASH with several companies providing an update on their pipeline candidates as well as approved products. Pharmacyclics' Imbruvica, which was approved recently, attracted a lot of interest with the company coming up with 40 clinical, non-clinical and pre-clinical presentations.

Incyte (Nasdaq: INCY-Free Report) was also there with more than 35 analyses from studies conducted on Jakafi. Incyte also presented encouraging interim data on its oral JAK1 inhibitor, INCB39110.

Meanwhile, Geron presented data on its sole pipeline candidate, imetelstat, at ASH. Results from a Mayo Clinic study showed that 5 out of 22 patients experienced partial or complete remissions. 40.9% of the patients responded to the treatment. The data's encouraging but the patient population is pretty small. So it remains to be seen whether Geron will move ahead with a larger study.

Infinity Pharmaceuticals (Nasdaq: INFI-Free Report) presented phase I data on its chronic lymphocytic leukemia (CLL) candidate, IPI-145, which was found to be highly active in patients with relapsed/refractory CLL – nodal response rate was 89% and overall response rate was 48%. IPI-145 is currently in a phase III study and has also shown evidence that it can be active in other types of blood cancer including advanced T-cell lymphomas.

 Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

SOURCE Zacks Investment Research, Inc.



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