petpesie

'When There's Blood in the Streets', Buy Biotech Stocks

One stock you don't have there that is very promissing and has a licensing contract with Eli Lilly is BIOMS, a Canadian biotech currently at stage II and III trials and received a Fast Track designation for one of its drugs from the FDA. It trades on the TSX in Toronto (symbol MS), not sure if it also trades on American exchanges or not.

It is getting killed along with everything else right now (19.7% above 52-week low and 43.2% off its 52-week high) so offers a compelling entry point. I know I've been buying!

Disclosure - long.