Chris Lau
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Chris Lau in Value Stocks,

3 Biotechnology Picks For July 2017

 

$VRX, VALEANT PHARMACEUTICALS INTERNATIONAL / D


  • Valeant Pharmaceuticals (VRX) regains the title of the top biotech stock to watch for July. The stock bottomed below $10, crossed past the $15 PT and could get to $20 a share next. Closing of asset sales (Dendreon), Siliq, B+L’s product refresh and Salix’s sales team rebuilt and strong again will give VRX revenue a lift.


  • Kerx Pharmaceuticals (KERX) reported quarterly earnings of negative $0.21 per share in May but revenue jumped 73.5%. The manufacturing of Auryxia is now fully operational. KERX forecast revenue of $56 - $60 million for the year.

$KERX, Keryx Biopharmaceuticals, Inc. / D

  • Ignored for months after peaking at $36 and falling below $30, Sarepta Therapeutics (SRPT) could outperform after getting a new CEO. Edware Kaye worked previously at Allergan. Hopes for a buyout should be off the table as SRPT concentrates on building the business. Still, an AGN-SRPT deal is possible. Stay tuned on rumors circulating about a buyout.


$SRPT, Sarepta Therapeutics, Inc. / D