Neptune Technologies & BioResources
Another stock in the biotechnology and drugs complex that's approaching a major breakout trade is Neptune Technologies & BioResources (NEPT), which is engaged in manufacturing and formulation of marine omega-3 phospholipids. Neptune researches, develops, produces and commercializes natural marine products derived from marine biomasses for the nutraceutical, pharmaceutical and cosmetic industries. This stock is off to a strong start in 2012, with shares up over 55% so far.
Recently, Robin Cornwell of Catalyst Research issued a note on this stock to raise his 12-month price target to $9.25 from $8.75 a share. According to Cornwell, "Neptune is unique for a bio/pharma technology company in that the cash flow from the nutraceutical operation is able to cover a substantial portion of the R&D costs of the subsidiary companies."
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