The Bonanza Calls of Biotech Select
It's tough to notch a double-digit gain on a stock in this market, but I'm thrilled to let you in on a little secret: Our subscribers to TheStreet.com Biotech Select have been guided to three double-digit calls within the last six months, courtesy of Adam Feuerstein, our in-house portfolio manager who runs the Biotech Select service.
On Sept. 24, Feuerstein added ImmunoGen(IMGN Quote) to the model portfolio of Biotech Select when its stock was selling at $4.90 a share. ImmunoGen is now at $7.01 a share, delivering a 43% total return to Biotech Select subscribers. Feuerstein knew that ImmunoGen is developing a second-generation version of the blockbuster breast cancer drug Herceptin in partnership with Roche. Early data on the drug has been very positive, which sparked Roche to accelerate its development.
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