Chelsea shares started the year at well under $1, so it's spot among the best-performing biotech stocks is a bit misleading. Consider Chelsea's market is still only $170 million and that the stock price is down 50 percent from its level 18 months ago.
But give Chelsea credit for perseverance. Despite a roller coaster development path, the company is poised to resubmit Northera to FDA later this summer as a treatment for neurogenic orthostatic hypotension.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts