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Bio stocks on road to recoveryJustin Bailey6 October...

  1. andrewandrew
    366 Posts.
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    06/10/10
    09:54
    Post #: 7286570
    Bio stocks on road to recovery
    Justin Bailey
    6 October 2010
    Australian Financial Review

    According to Sebastian Evans, fund manager at Naos Asset Management, four of five biotechnology stocks could end up turning into billion-dollar companies. Eli Lilly, Roche and Pfizer are companies to watch, with patents for their wonder drugs Viagra and Zoloft set to expire - forcing them to scour the world for a new product. Mr Evans likes Acrux, Nanosonics and ImpediMed as well, with ImpediMed a particular favourite among brokers. Nanosonics is currently waiting for approval from the US Food and Drug Administration for its Trophon EPA product. The firm has also secured a distribution agreement with General Electric?s health division and has a "buy" recommendation from the one broker covering the stock. Acrux is looking to move into AndroGel?s US market and has a implied 44 per cent return over the next year according to broker target price estimates.
    ACR Price at posting: $2.38 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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