NPS Pharmaceuticals, Inc.
Investments in biotechnology by the average investor tend to deliver hit or miss returns over time. Since inception, the SPDR S&P Biotech ETF (NYSEMKT: XBI) has delivered double-digit returns. This ETF holds 53 stocks and is focused on this industry. Created on Jan. 31, 2006, the one-year return is 33.76%, the three-year return is 23.57%, and the five-year return is 13.27%. Only the one-month and three-month more »
George S. Mack, The Life Sciences Report
Solid ideas in biotech come from solid research.
I first spoke with Analyst Carol Werther in early 1999 when I was preparing to write about Immunex which had developed Enbrel (etanercept) for rheumatoid arthritis (RA). The product had just been approved by the FDA in November 1998, and it held the distinction of being the first in a new class of anti-tumor necrosis more »
Columbia Laboratories (NASDAQ: CBRX) failed to impress an FDA advisory committee with the efficacy of its 8% progesterone gel intended to prevent preterm pregnancy in women with short cervixes. The committee, which convened late Friday afternoon, voted 13-4 against recommending the gel for approval. Though trading of its stock was paused during the meeting, Columbia still managed to fall roughly 67% thanks to extended trading.
Columbia and marketing partner Watson more »
Small cap NPS Pharmaceuticals (NASDAQ: NPSP), scheduled to appear next week at the JP Morgan Healthcare Conference, has received another 'Buy' recommendation from Needham & Company with a price target of $15.00. The company has several novel therapeutics in the pipeline that include Gattex, a short bowl syndrome (SBS) treatment whose New Drug Application (NDA) was submitted to the FDA in December, and Natpara (NPS558), a Phase 3 hypoparathyroidism treatment more »