Cramer Is Holding This Biotech Stock

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended holding Biomarin Pharmaceutical Inc BMRN.

When asked about Black Stone Minerals LP BSM, he said, "I like this situation."

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"That’s it, one of these personalized oncology companies. Here’s what I say about those. Some of them are going to work, and some are not," Cramer said, when asked about Kura Oncology Inc KURA.

Price Action: Shares of BioMarin Pharmaceutical dropped 0.1% to close at $111.15, while Black Stone Minerals fell 1.5% to settle at $15.71 on Wednesday. Kura Oncology shares gained 4.4% to close at $12.47 during the session.

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