Biotech investing is quite simple: - A company must have a not very corrupt and so-so quality management - Clinical trials data in Ph II and, even better, in Ph III must be solid - Buy these stocks and wait (do not trade)
So far, I have succeeded with ABGX, MLNM, IMCL, Biochem Pharma, Gild. The first four were takenover, and the last did very well. But it took 3-7 years.
There is very few over-night successes in general. Oncology and HIV are the good areas.
Biotech: The Next Big Bubble? [View article]
- A company must have a not very corrupt and so-so quality management
- Clinical trials data in Ph II and, even better, in Ph III must be solid
- Buy these stocks and wait (do not trade)
So far, I have succeeded with ABGX, MLNM, IMCL, Biochem Pharma, Gild. The first four were takenover, and the last did very well. But it took 3-7 years.
There is very few over-night successes in general. Oncology and HIV are the good areas.