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In search of Contributors urged traders to purchase AbbVie (NYSE:ABBV), Vertex Pharma (NASDAQ:VRTX), Genmab (GMAB) and a spread of different biotechs in 2022 lengthy earlier than these shares outperformed − typically whilst the consensus view on Wall Avenue prompt in any other case.
This is a rundown of In search of Alpha editors’ picks for a few of our contributors’ finest biotech articles of 2022:
A ‘Sturdy Purchase’ Name on Genmab
Whereas analysts had been issuing bearish calls on Danish biotech Genmab (GMAB), In search of Alpha contributor Biologics had totally different ideas.
Biologics gave Genmab (GMAB) a “Sturdy Purchase score” shortly earlier than the yr started, noting in December 2021 that the inventory was buying and selling at a “vital” low cost to ahead earnings estimates.
Since then, Genmab (GMAB) has risen about 6% for 2022 even because the broader biotech sector has shed about 27% for the yr.
Ignoring AbbVie’s Humira Patent ‘Cliff’
SA contributor Edmund Ingham was certainly one of many SA authors to precisely predict the 2022 bull run of AbbVie (ABBV) regardless of an upcoming “patent cliff” for its blockbuster rheumatoid arthritis remedy Humira (adalimumab). ABBV’s patent on Humira, the world’s best-selling prescription drug, will expire in 2023.
Ingham gave the inventory a “Purchase” score in February, arguing that with a dual-pronged technique, ABBV administration “seems to have outwitted and outflanked its opponents” forward of rival generics’ entry into the market towards Humira.
Vertex Picked Regardless of Excessive Valuation
Cystic-fibrosis drugmaker Vertex Prescribed drugs (VRTX) was one other outperformer in 2022, including almost 30%.
SA creator Biologics gave the inventory a “Purchase” score in January, writing that regardless of a modest premium to rivals, Vertex (VRTX) was buying and selling at an appropriate valuation when it comes to projected earnings and cash-flow progress.
Ardelyx Rally Predicted
Cardiorenal drugmaker Ardelyx (NASDAQ:ARDX) greater than doubled in worth this yr after a disastrous run in 2021 − positive factors that SA contributor Avisol Capital Companions foresaw.
Avisol gave the inventory a “Purchase” score in January, highlighting ARDX’s kidney-disease remedy tenapanor.
“The costs are so low that the small probability of success is kind of derisked,” Avisol wrote.
That view proved beneficial final month when Ardelyx (ARDX) jumped some 41% after an FDA skilled panel voted in favor of the U.S. approval of tenapanor.
Trying Forward to 2023
SA Contributors have already supplied some notable biotech suggestions for the brand new yr. Biotech Beast simply issued a robust purchase score on Rigel Prescribed drugs (RIGL), predicting that the corporate may have “a doubtlessly transformative 2023.”
The creator thinks that the early approval and launch of its myeloid leukemia remedy Rezlidhia in December will pave the best way for the corporate to file top-line progress, validating its licensing cope with Novo Nordisk’s (NVO) (OTCPK:NONOF) Forma Therapeutics.
In the meantime, regardless of a ~52% loss in 2022, contributor Chris Lau is bullish on Beam Therapeutics (BEAM), which has just one candidate within the clinic, BEAM-101, in a Part 1/2 trial for sickle cell illness.
Whereas conceding that the gene-editing area is at the moment out of favor with traders, Lau points a purchase score on the inventory given the corporate’s robust pipeline and $1B money.
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