One thing that I have developed over the past couple of decades
investing in the small biotech space is learning to recognize when a
company and its stock start to have positive catalysts happening and
also on the horizon. This is critical in spotting potential big winners
in the market.
In spring of last year I noticed that Avanir Pharmaceuticals (NASDAQ: AVNR)
had just won a major court victory to retain exclusivity on its primary
drug through 2026 and also had phase II trial results coming up later
on in the year for a promising compound to treat the agitation commonly
found in Alzheimer’s patients. When results turned out to be positive a
few months later, the stock shot up. Soon thereafter, the company
received a substantial buyout offer from a bigger Japanese based pharma
player in December bringing better than a 215% return to the Small Cap Gems portfolio. (more)
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