From The Life Sciences Report:
In January, The Life Sciences Report debuted its biotech watchlist,
which outlined ideas for investors keyed to catalysts in the drug
development process that typically move biotechnology stocks. All stocks
are affected by catalysts, but nowhere do they provide more leverage
(or deleverage) than in biotech. We predicted the new year would present
legitimate prospects for portfolio growth. So far, that has been the
case. Although the party has given way to some fatigue, the punch bowl
is still on the table and the biotech upswing continues.
Back in January, our friends and collaborators at San Diego-based
Sagient Research, publishers of the BioMedTracker, offered important
information about market-moving data and events that can make or break
smaller companies. In addition, a group of key biotech analysts weighed
in on their best ideas -- 17 stocks in all. It was the perfect storm of
individual ideas combined with a biotech wind from 2012 still billowing
the sails.
As of April 22, the Nasdaq Biotechnology (NBI) index is up 26.6%. Have
the biotech companies that made inaugural Biotech Watchlist -- and their
stocks -- met the targets identified in the first quarter of 2013? Are
there new catalysts? Check out the progress in the updated April biotech
watchlist..(more).
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