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Why Are These Biotechs Exploding Higher Today?

DexCom, Inc. (NASDAQ:DXCM) is up after releasing strong preliminary third quarter results. For its quarter, the continuous glucose monitoring system company estimates that its revenues will be $105 million versus expectations of $97.7 million.

From the press release:

Demand for our G5 Mobile system has been overwhelming and our pipeline of new patient opportunities is larger than it has ever been. We have worked diligently to fulfill demand by new...