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6 Biotech Stocks That Investors Hate but Analysts Love

  +Follow June 27, 2013 7:51PM
Tickers Mentioned:

Sometimes there are stocks that take a beating, but for whatever reason, the analysts won’t let them go. We decided to look at stocks that have had a rough go, but according to the analysts, are set to rebound any time. Specifically, for this article, we looked at the biotech sector.

Here’s the criteria we used: we decided to look at stocks that were down for the quarter but still had a “strong buy” rating from analysts. We further refined our search by focusing only on stocks above $4 a share to eliminate the more volatile ones.

We found six stocks that fit our criteria. Here they are:

Durata Therapeutics (DRTX) Chicago-based antibiotic developer Durata raised $74 million in an October 2012 IPO. Their main drug in development is dalbavancin, which treats skin infections. A December 2012 trial went well. Analysts still believe in the product’s future. Despite sitting near its 52 week low at $7 a share, Durata is up 1.74 percent.

Coronado Biosciences (CNDO) The immunotherapy drug development company is up 1.01 percent to $7.99 a share, and despite a dip the last few months, they’re up almost 67.58 percent on the year. Coronado recently announced they are hosting a conference looking for new investors.

Anacor Pharmaceuticals (ANAC) Anacor descirbes themselves as “hav(ing) discovered and advanced into clinical development several novel and proprietary boron-based product candidates.” They are up 4.34 percent to $5.53 a share. In June Anacor entered into a $45 million dollar term loan with Hercules Tech (HTGC.)

OncoGenex Pharmaceuticals (OGXI) OncoGenex gained 2.73 percent to hit $9.80 a share, though it’s down for the quarter and year (over 20 percent YTD.) Zacks is high on them, citing their drug OGX-011 that is “the lead candidate currently completing five Phase 2 clinical studies in prostate, lung and breast cancers.”

Lpath Inc. (LPTN) Lpath lost 1.94 percent to hit $4.56 a share, and is down for the year. This San Diego-based biotech company works on drugs that prevent macular degeneration. According to the New York Times, Lpath is advancing has completed a phase-I clinical trial for the drug ASONEP and is entering phase-II clinical trials in Renal Cell Carcinoma.

Array BioPharma(ARRY) Array is up 2.65 percent to hit $4.64 a share, down from their 52 week high of $6.56. Analysts are still bullish on the stock following promising trials for their p38 inhibitors that could have therapeutic effects on osteoarthritis.

Results for DRTX
Ahmet Lowsley
19 Apr 14 19:16:49
$DRTX Coverage initiated on Durata Therapeutics by Summer Street Research http://t.co/AXVsLZzmgw
19 Apr 14 01:30:09
DRTX 12.67 Stock Charts $DRTX Durata Therapeutics Inc. (NASDAQ) DRTX Stock Chart - 1 Month http://t.co/MUQZA8muqa http://t.co/4bXJBExoZ3
VisualStock Resource
18 Apr 14 12:01:12
$DRTX - Confidential Treatment Order (ct Order) http://t.co/aS2swJdz6o
18 Apr 14 11:46:18
$DRTX SEC Filing Alert for Durata Therapeutics, Inc.
17 Apr 14 19:46:30
Durata Therapeutics Inc (DRTX) 12.67 $DRTX Nasdaq stocks posting largest percentage increases AP - Tue Apr 15, http://t.co/4OduALtynE
Adam Krizbai
17 Apr 14 18:21:11
@fezziwig2008 been away working to prepare for launch at $DRTX, did I misread or are you out of HALO for now?
Extreme Biotech
16 Apr 14 13:21:15
This #antibiotic #biotech basket did well for me today: $CEMP $TTPH $CBST $DRTX
16 Apr 14 13:11:07
$DRTX SEC Filing Alert for Durata Therapeutics, Inc.
15 Apr 14 16:01:29
Smallcap #Stocks Performance $FXEN $CONN $GMO $KYTH $ENOC $MNTA $LFVN $DRTX $CNMD $NWY $MPO $IRWD $ENZN more@ http://t.co/GiravnMce9
14 Apr 14 22:21:38
$TRLA $FWM $DRTX $SLAB $TKMR on short watch & $GTE $KWR $OCN $ACGL with long bias...play as the wind blows. No fixed notions
Gotham City Capital
14 Apr 14 01:34:32
$DRTX I Like In The 10-10.30 Range Pre-PDUFA. Market Conditions Permitting. http://t.co/HTm23hK5R2
13 Apr 14 14:22:33
@zzlangerhans @JohnTuckerPhD look at $drtx
The Amazing Seven
12 Apr 14 16:18:31
$DRTX Coverage initiated on Durata Therapeutics by Summer Street Research http://t.co/BY5AvpyBa5
  +Follow June 27, 2013 7:51PM



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