I have long told our investors to avoid RNA interference stocks because the science is unproven. If you want to speculate, you can do so on more proven science. I have also written that investing based on the hope of a major partnership or buyout is a sucker’s game. Well, these two rules backfired on me last week.
Alnylam (NASDAQ:ALNY) announced a ginormous (just added to the official Webster’s Dictionary, much to my kids’ pleasure and my discomfort) drug deal with Roche (OTCQX:RHHBY).
I don’t care! You need the metaphorical leather butt to do what I do -- nevertheless, in the interest of public service I have put together a list of names you can investigate on your own, as investors frantically search for RNA stocks:
• AP Pharma (APPA)
• Cytrx (NASDAQ:CYTR)
• Genta (OTC:GNTA)
• Isis Pharmaceuticals (NASDAQ:ISIS)
• Invitrogen (IVGN)
• Nastech (NSTK)
• Sangamo Biosciences (NASDAQ:SGMO)
• Sentek [SNKTY]
This is your research job and many of these companies seem to have done as much work on their press releases as they have on RNAi.
What is RNAi?
In the past decade or so, RNA -- a cousin of DNA – has been shown to have a much more prominent role in cellular activity as a regulator of behavior. Modify RNA behavior and you can modify a disease. A couple of products are wending their way through the labs and development process. The closest one, for age related macular degeneration, is from what used to be called Sirna, now part of Merck (NYSE:MRK), the first RNAi deal to bite me you know where.
Nothing else appears close.
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