All too often, biotechs are an all-or-nothing proposition: They've got one drug they're working on and it either becomes a success or it flames out in spectacular fashion. Certainly such binary-event companies can make for an exciting ride, but it's a white-knuckle one nonetheless. Then there are biotechs like Immunomedics that have a number of irons in the fire so that if one trial fails, it still has more opportunities in the pipeline to sustain it. Immunomedics has six late-stage trials giving investors a wealth of opportunities to capitalize on, with its most advanced being its autoimmune disease treatment epratuzumab for lupus. An agreement with UCB earlier this year was lucrative for the biotech even if it took some of the decision-making process out of its hands. Look to hear more from Immunomedics soon.