This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Feuerstein's Biotech-Stock Mailbag

Daylight Savings Time comes to an end early Sunday, so what better way to hunker down for the winter than by reading the Biotech Mailbag? Thanks for returning and remember to email me here with your comments and questions.

I was surprised by the amount of email I received after my mention of Delcath Systems (DCTH - Get Report) in last weekend's Mailbag. Let me address some general comments that ran through most of the letters:

I compared Delcath to Dendreon (DNDN) only as it relates to the perception by some investors that the Food and Drug Administration's cancer division is putting both companies under unjustifiably strict scrutiny.

I don't have a dog in this fight, but screaming about malfeasance at the FDA -- as some Delcath fans did in their emails to me -- isn't a very productive investment strategy. Dendreon is proof of that.

More than a few readers were put off by my dismissal of Delcath without a thorough explanation of the data supporting its Percutaneous Hepatic Perfusion (PHP) system for hard-to-treat cancers of the liver.

That's a fair criticism, but I was more focused on the apparent rift between the FDA and the National Cancer Institute because that's what readers emailed me about.

I did look more closely at the PHP data. Some of it shows potential, but a lot of questions remain unanswered. I'm often criticized as being too conservative because I don't automatically love every high-risk biotech or drug stock that trades below $10 (or $2, in this case.)

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
TELK $2.75 -8.33%
DNDN $0.06 -6.02%
DCTH $1.04 0.00%
GSK $46.59 0.00%
RGEN $34.75 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs