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Rod Raynovich
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Rod Raynovich is an entrepreneur and executive with a focus on life science companies and medical technology trends.He has over 30 years executive experience including Abbott and JNJ and has been involved three successful start-ups. He has a B.S, from Penn State University and an MBA from... More
My company:
Raygent Capital
My blog:
  • Life Science Stocks Perky Today: ACHN,ALXN, AMRI,CBST,PCYC,OPTR 0 comments
    Mar 4, 2013 3:59 PM | about stocks: ACHN

    Biotech Rally Takes Sector to New Highs

    After a brief lull many biopharmaceuticals stocks are rallying over 2% today. Recently we reiterated Cubist (CBST $45.38) up 4.4% and Optimer (OPTR $12.62) up 3.34% and both are among big movers today. Taking the lead from some undiscovered small to mid cap stocks which have recently taken off we are adding Achillion (ACHN $8.60) today.

    Achillion is a play on the huge potential for HCV therapeutics and has two Phase 2 clinical milestones in 2013, the first for Phase 2 data in April for its ACH-3102 combo drug with ribavirin. The Company raised $125M last week at a price of $8.40.

    Disclosure: I am long ACHN, OPTR.

    Stocks: ACHN
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