Mid-Cap Biotech Watch List: Updated 6/12/18 After Huge ASCO Rally

 

Updated 6/18 pre-market

get link Biotech Update for Week Ending 6/15

A relatively quiet less volatile week with the bullish trend intact at “triple-top” with XBI at $97 level. However, NASDAQ weakness today could blunt run in biotechs. We probably had one of the best ASCO stock rallies on record in 2018 focusing on small and mid-caps with best science and high expectations of M&A.

FBT $145.50 p 1.56%, IBB at $111.26 up 1.13%, XBI $97.18 up 0.36%.

Selective winners of the week: BMY up 3% to $54.80, JAZZ up 1.34% to $178.10, NBIX up 1.36% to $102.32, RARE up 5.64% at $82.72, SRPT up 3.64% to $102.29.

PTC Therapeutics (PTCT) was up 38% pre-market on 6/18, to the $52 level, 115% YTD on interim clinical data for Type 1 Spinal Muscular Atrophy in babies.

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enter Mid-Cap Biotech: ASCO Winners and Losers

2018: Huge Rally in Many Stocks

We updated our mid-cap biotech watch list in the first week of trading after the ASCO Meeting. Many on this list are momentum stocks driven by clinical data and biotech specialist fund support. See all of our previous articles on this subject. Here are some takeaways in what has been YTD a bull market in biotech stocks despite a lackluster year for healthcare and large cap drug stocks. As we have said before, 2018 favors small and mid-cap stocks because of clinical data impact, M&A trends and sensitivity to any positive news. Large caps are less volatile but have under-performed due to lower growth prospects and earnings concerns. Celgene (CELG) is at a 52 week low.

  • As usual two biotech ETFs outperformed: FBT up 16.25% YTD and XBI up 14.2% YTD.
  • Fidelity Select Biotechnology Fund (FBIOX) was up 5.79% YTD while the IBB was up 3.88%.
  • Top seven winners %YTD: CRSP up 152.7, LOXO up 112.7, SRPT up 77.5, AGIO up 62.7, NVCR up 55.7, IMMU up 51.2, FMI up 47.6.
  • Top seven losers %YTD: TSRO -48.8, ACAD -41.3, CLVS -38.5, EXEL -36.6, NKTR -30.7, ANAB -21.5, ALNY-16.6,

Data will be mined with further analysis later in the week.

Company Ticker Price $ Revs $B MktCap %Perf Analyst 30day
6/12/18 $B YTD 2018 Rating* %
Acadia Pharma ACAD 17.67 0.158 2.2 (41.3) 2 -4.74
Agio Pharma go site AGIO 93 0.041 5.42 62.7 2 6.77
Alnylam ALNY 105.91 0.93 10.8 -16.6 2.2 4.95
Anaptys Bio ANAB 70.49 0.01 1.76 -30 1.7 -21.5
ArenaPharma ARNA 48.94 0.016 2.39 44 1.8 -8.78
Array Biopharma glucophage xr 750 mg obat apa ARRY 18.32 0.17 3.81 43 1.6 21.8
AveXis AVXS 217 0 8 96.2 2.8
acquired
BlueBird Bio BLUE 184.75 0.046 9.5 3.73 2.2 -0.9
Blueprint Med BPMC 72.35 0.016 3.38 -4 1.5 -11.24
Clovis Oncology CLVS 42.06 0.067 2.39 -38.5 2 -17.8
CRISPR Ther CRSP 59.34 0.039 2.79 152.7 2.1 12.54
Exelixis EXEL 19.28 0.583 5.87 -36.6 1.9 -1.38
Immunomedics IMMU 24.44 0.002 4.27 51.2 1.3 28.7
Incyte INCY 70.58 1.54 14.9 -25.5 2.2 6.22
Ionis IONS 47.15 0.54 6.18 -6.26 2.8 2.61
Amicus Ther FOLD 15.93 0.049 3.19 10.7 1.7 10.7
Foundation Med FMI 100.7 0.179 3.95 47.65 2.5 32.6
GW Pharma GWPH 155.12 0.016 4.37 17.5 2.3 6.27
Ligand Pharma LGND 192 0.168 4.1 40.22 2.2 7.74
Loxo Oncology LOXO 179 0.059 5.32 112.7 1.3 28.4
Neurocrine Bio NBIX 101 0.233 9.12 30.26 1.6 11.8
Nektar Therap NKTR 53.56 0.321 10.17 -10.3 1.7 -30.7
NovoCure NVCR 31.45 0.194 2.93 55.7 1.6 4.8
Seattle Genetics SGEN 69.21 0.513 11 29.4 2.3 21.6
Serepta SRPT 98.76 0.202 6.47 77.5 1.8 6.32
Tesaro TSRO 42.44 0.227 2.34 -48.8 2 -15
*yahoo
First Trust Arca FBT 144.8 16.2 5.38
iSharesBIO IBB 110.9 3.88 4
NASDAQ-100 QQQ 172.74 3.76 12.9
SPDR S&P XBI 96.93 14.2 5.76
HC SPDR XLV 85.12 2.95 2.52
Data from FinViz
and Yahoo

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