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Leonard Yaffe
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I am an MD by background who runs a healthcare hedge fund. I worked as a sell-side medical analyst for 20 years, covering pharmaceuticals, medical devices, PBMs and drug distributors.
  • Medical Stocks Respond Strongly 0 comments
    Jan 14, 2014 7:07 PM

    As I wrote last week, I expected that the current pullback in medical stocks would be resolved with a significant upswing. This is different than 2013, when declines were pronounced, and reflects changing sentiment, especially toward the smaller capitalization stocks. Today's reaction was a resounding vote of confidence for the sector. I believe that overall US healthcare spending will accelerate in the 2014-'15 timeframe, based on the Affordable Care Act and an improving economy. I continue to recommend the Fab Four (GILD, BIIB, CELG and REGN), the SuperSpec 5 (ADHD, ANAC, GALT, KERX, OSUR) and my 8 small cap ideas. Len

    Disclosure: I am long GILD, BIIB, REGN, CELG, ADHD, ANAC, KERX, GALT, OSUR.

    Themes: Medical Stocks
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