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Nuvo ResearchNRI.TOPAST TOP PICKDec 02, 2016Stock price when the opinion was issued
As of Dec 31, 2020. Market Open.
Has been involved in this name for about 1.5 years and has done well on it. They have 2 sides to their business. One produces a topical drug called Pennsaid, which is licensed to do sales in the US. The other side is that they are developing drugs, particularly in allergies. The stock plunged from $10-$5 because they had negative results. They have $50 million in cash. He likes this company.
A drug company that has a commercial product that is selling. Also has a very interesting allergy drug they are testing in Germany. If they can come up with a really effective treatment, this stock is going to go a lot higher. Results from phase 2 clinical trials are out in a week or 2. He has done extremely well in this name. Be a little bit cautious until you see what the clinical results are, but this is a classic case of “buy on rumour and sell on news”. Have a pile of cash so the downside is pretty limited. If it works out, the stock is going to go much higher, but if it doesn’t the downside could be $6 only.
(A Top Pick Oct 8/15. Up 18.06%.) A nice little company he discovered a few years ago. They had a big fight with their US distributor, and won $50 million. They got a new distribution for their topical cream and it took off. Had a bad 3rd quarter. They have a ton of cash, so there is room for M&A and new products.