Zacks Industry Outlook Highlights: Eli Lilly, Novo Nordisk, Biogen, Amgen and Osiris Therapeutics

Zacks Industry Outlook Highlights: Eli Lilly, Novo Nordisk, Biogen, Amgen and
                             Osiris Therapeutics

PR Newswire

CHICAGO, April 5, 2013

CHICAGO, April 5, 2013 /PRNewswire/ --Today, Zacks Equity Research discusses
the U.S. Pharma & Biotech, including Eli Lilly (NYSE:LLY), Novo Nordisk
(NYSE:NVO), Biogen (Nasdaq:BIIB), Amgen (Nasdaq:AMGN) and Osiris Therapeutics
(Nasdaq:OSIR).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

A synopsis of today's Industry Outlook is presented below. The full article
can be read at 

Link: 
http://www.zacks.com/commentary/26611/pharma-amp-biotech-stock-outlook-apr-2013

We continue to have a Neutral outlook on large-cap pharma stocks. While the
companies will continue to face challenges like EU austerity measures and
genericization, the pharma industry should be out of the worst of the
genericization phase from 2013.

Several companies which had faced generic headwinds in the last couple of
years should see their results recover from 2013. Cost-cutting, downsizing,
streamlining of the pipeline, growth in emerging markets and product approvals
should support growth.

Zacks Rank #2 (Buy) stocks in the pharma sector include Eli Lilly (NYSE:LLY)
and Novo Nordisk (NYSE:NVO), among others. Despite the presence of generic
competition for key products, share buybacks and cost control should help Eli
Lilly achieve its 2013 guidance.

In the biotech space, we are positive on Biogen (Nasdaq:BIIB). We are
optimistic on Tecfidera, the company's oral multiple sclerosis drug which
gained approval last week. Key products, Avonex and Tysabri, should continue
contributing significantly to sales. The company is also progressing with its
hemophilia pipeline.

We are also positive on Amgen (Nasdaq:AMGN). Amgen's 2013 guidance was above
expectations. The company also provided an update on its long-term strategy.
Amgen should be able to deliver on its long-term strategy based on expansion
in key markets, launch of new manufacturing technologies, and pipeline
development. Enbrel should continue performing well. Amgen's late-stage
pipeline is also moving along.

Both Biogen and Amgen are Zacks Rank #2 stocks. Gilead, another Zacks Rank #2
stock, continues to do well in the HIV segment.

Osiris Therapeutics (Nasdaq:OSIR), a stem cell company, currently carries a
Zacks Rank #1 (Strong Buy). Prochymal's approval in Canada and New Zealand
were major milestones for the company. Meanwhile, the Biosurgery segment is
also gaining traction. A partnership deal for Prochymal would be a major boost
for the stock.

Among generic companies, Mylan carries a Zacks Rank #2. We are encouraged by
Mylan's geographic reach and product depth and robust generic product
pipeline.

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