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Los Angeles, November 15, 2016. Bio Tech stocks are gaining momentum again. In our never ending search for the next winner, we have dug up two new companies that are worthwhile taking a look at.
Novocure
(NVCR) is marketing its FDA approved Optune system and is testing new products in five (5) stage II/III clinical and nine (9) pre-clinical trials. NVCR is currently trading at $9.05 and has
a BUY to STRONG BUY recommendation rating of 1.8
by four major analysts with a target price of $23.25.
Pfenex (PFNX) is a clinical-stage biotechnology company developing and commercializing high value and difficult to manufacture proteins. The Company's initial focus is on biosimilar therapeutics and its lead product is PF582, a biosimilar to Lucentis (ranibizumab). PFNX is currently trading at $10.34 and has a a BUY recommendation rating of 1.8 by four major analysts with a target price of $20.00.
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NovoCure Limited develops and commercializes treatment for solid tumor cancers therapy called the tumor treating fields (TTFields). The company markets its proprietary therapy, TTFields delivery system under the Optune name for use as a monotherapy treatment for adult patients with glioblastoma brain cancer. NovoCure Limited also conducts clinical trials for the use of TTFields in brain metastases, non-small cell lung cancer, pancreatic cancer, ovarian cancer, and mesothelioma. The company markets its products in the United States, as well as in European Union member states, Switzerland, and Japan. NovoCure Limited was founded in 2000 and is based in Saint Helier, Channel Islands.
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Pfenex Inc., a clinical-stage biotechnology company, develops biosimilar therapeutics in the United States. Its lead product candidate is PF582, a biosimilar candidate to Lucentis that is in Phase 1b/2a trials in patients with wet age-related macular degeneration. Its preclinical products under development consists of PF529 peg-filgrastim, a biosimilar candidate to the reference product Neulasta; PF690 pegaspargase, a biosimilar candidate to the reference product Oncaspar; PF726- peg-interferon beta for the treatment of relapsing multiple sclerosis; and PF444-human growth h. The company has collaboration agreement with Pfizer Inc. to develop PF582. Pfenex Inc. is headquartered in San Diego, California.
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