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Applied DNA Sciences Is Surging in Antitheft, Fraud Prevention Business

NEW YORK (TheStreet) -- Applied DNA Sciences (APDN - Get Report) has significantly bucked the bearish biotech trend in the past month. Its CEO, Dr. James Hayward, said the DNA-based authentication company has only begun to make its mark.

Shares of Applied DNA Sciences have risen over 45% in the past month and are up 80% year-to-date. By comparison, the iShares Nasdaq Biotechnology ETF (IBB) is down 15% in the past month and 4% so far this year due to worries about valuations and price-gouging.

The company's solutions and its SigNature DNA mark protect products, brands, entire supply chains, and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. The company's products provide a forensic chain of evidence...