This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

More Biotech Lessons Learned From JPM 2012

Stocks in this article: INHX ACHN AMAG ONTY CLDX GERN CELG

SAN FRANCISCO ( TheStreet) --The 2012 J.P. Morgan Healthcare Conference is in the books. Here's more of what I learned:

The M&A mania pushing hepatitis C drug stocks higher paid off nicely for executives at Achillion Pharmaceuticals (ACHN) who took the opportunity to cash in stock options. Among the notable sales: Chief Financial Officer Mary Kay Fenton banked $110,000 while CEO Mike Kishbauch made $856,000.

I single out these two because Fenton told Bloomberg this week that Achillion is "not eager to go out and plant a 'for sale sign on our front lawn." Yet, selling Achillion is precisely what Kishbauch has promised investors for a long time.

Oncothyreon (ONTY) chief Bob Kirkman, speaking to Reuters, says of the ongoing Stimuvax phase III study in non-small cell lung cancer: "In some sense, the longer it takes the better it is." Or not. Just ask Cell Therapeutics (CTIC) and Novelos Therapeutics.

AMAG Pharmaceuticals (AMAG): The current Feraheme business is flattish although the company guides to low double-digit, year-over-year sales growth and the goal of staying at cash flow breakeven. The only story that really matters with AMAG, really, is the ongoing strategic review and the possible sale of the company. Amag is getting interest on that front, according to a source familiar with the review.

Two small drug companies -- one forgotten, the other somewhat disgraced -- seek redemption in results from phase II breast cancer studies with results expected later this year. Best yet, both studies are randomized and controlled, so we'll get real data!

Celldex Therapeutics (CLDX) fell off the investor radar map in 2011 but is hoping to re-emerge this year with a phase II study of CDX-011, a monoclonal antibody drug conjugate. Results are expected at the American Society of Clinical Oncology annual meeting in June, says Celldex chief Tony Marucci. Interestingly, the linker-chemotherapy toxin component of CDX-011 was licensed from Seattle Genetics and is the same one used in its newly approved lymphoma drug Adcetris.

Geron (GERN) took a beating late last year when it gave up on its embryonic stem cell therapy. Now, the company is focusing its drug development activities on its cancer therapeutics, many of which pre-date its stem-cell research. Geron will help its turnaround efforts a great deal if it can manage to produce a win from a phase II lung cancer study of imetelstat. Results expected in the fourth quarter.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs