Top 5 Biotech Companies To Buy For 2014

[ September 13, 2013 | Author: Admin | Weather: | Mood: normal]

Biotech’s the biggest boom-or-bust business on the market, with regulatory approvals and clinical trial results routinely sending stocks hurtling up or down by significant amounts. The Nasdaq Biotechnology Index is used to wild swings over the course of a week, but the index tempered its swings over the last five days by advancing just 1%, only 0.4% more than the S&P 500 gained for the week. Still, a few big biotech names made waves and saw shares jump or dive by significant amounts. Let’s catch up on the past week’s biotech stories you need to know.

Amgen on the acquisition trail
Big biotech superstar Amgen (NASDAQ: AMGN  ) didn’t have the best week in biotech, but it still made investors happy, as shares gained nearly 5% over the past five days. Amgen’s hardly the kind of boom-or-bust stock that exemplifies this risk-fraught sector, but even this relatively stable pick can make waves. It’s rumored to be one of the contenders looking to acquire fellow biotech star stock Onyx Pharmaceuticals (NASDAQ: ONXX  ) , according to sources in a report from Reuters released this week.

Top 5 Biotech Companies To Buy For 2014: Prima BioMed Ltd (PBMD)

Prima BioMed Ltd is a biotechnology company is engaged in the development and commercialization of medical therapies with a focus on oncology. Its product candidates in development include Cvac, an autologous dendritic cell vaccine for ovarian cancer, monoclonal antibodies for multiple tumour types, and an oral formulation for the human papilloma virus (HPV), vaccine. Its product candidate Cvac is a dendritic cell therapy, for which it is conducting a Phase IIb trial for the treatment of ovarian cancer. Cvac is designed to target the tumour antigen mucin-1, which is expressed at high levels on different tumour types. It also has two preclinical product development programs. In May 2011, Prima BioMed GmbH, a 100 % owned subsidiary of Prima BioMed Ltd, was incorporated in Germany. In May 2011, Prima BioMed Middle East FZLLC, a 100 % owned subsidiary of Prima BioMed Ltd, was incorporated in the United Arab Emirates.

Top 5 Biotech Companies To Buy For 2014: Algeta ASA (ALGETA)

Algeta ASA is a Norway-based biotechnology company engaged in the development of targeted cancer therapies based on its alpha-pharmaceutical platform. The Company Read More>>

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