Onyx Pharma Poised to Crack Asian Market

Onyx Pharmaceuticals(ONXX Quote) might be the new Chinese stock play.

Liver cancer patients in China are apparently digging into their own pockets to pay for treatment with Onyx's Nexavar, according to executives from the German drug firm Bayer, speaking this week at a New York investment conference.

The upbeat comments about Nexavar's commercial prospects in China, and Asia in general, surprised investors and sent Onyx shares higher, adding to the stock's already impressive gains this year. The stock was recently up 1.1% to $45.22. ...