Deutsche Bank Loves These Small-Cap Biotech Stocks
View photo.Deutsche Bank on Thursday named its top Small-Cap Biotech picks for 2015. The top picks were selected because they were either a disruptive technology, a rare or orphan disease market, an unmet need market or a stock with a big-time catalyst.Here is what to watch for in Deutsche’s top picks.
PTC Therapeutics, Inc. (NASDAQ: PTCT
)
Deutsche highlighted PTC Therapeutics as its very top pick for 2015. PTC Therapeutics is expecting to release Phase 3 confirmatory trial data for Duchenne muscular dystrophy (DMD) in the second half of 2015.
Deutsche set a $75 price target.
Shares traded recently at $55.13, down 4.8 percent.
Related Link: The 5 Biggest Biotech Stocks
Alnylam Pharmaceuticals, Inc. (NASDAQ:
)
Alnylam is Deutsche’s favorite long-term pick. The company on Wednesday raised approximately $450 million through a public offering of about 4.7 million shares. Deutsche believes Anlylam’s pipeline has broad applicability.
Deutsche set a $155 price target.
Shares traded recently at $89.24, up 2.15 percent.
Achillion Pharmaceuticals, Inc. (NASDAQ:
)
Achillion is Deutsche’s most underappreciated stock in early 2015. Achillion is developing ACH-3422 (a nucleotide NS5B polymerase inhibitor) for HCV and Deutsche believes Phase 1 data released last year looked encouraging.
Achillion is expecting to release full data for ACH-3442 at a medical meeting in the first half of 2015.
Deutsche set a $25 price target.
Shares traded recently at $15.30, up 2.75 percent.
Genfit (EPA: GNFT)
Deutsche selected Genfit as its top pick in the first half of 2015. Genfit’s lead asset is GFT-505, which is being studied in treating NASH.
The company has an important binary Phase 2b data readout in March. Deutsche estimates a $30 billion peak global market potential for NASH and believe Genfit is a high-risk, high-reward stock in the sector.
Deutsche set a €110 price target.
Latest Ratings for PTCT
Date
Firm
Action
From
To
Nov 2014
Credit Suisse
Maintains
Outperform
Oct 2014
Bank of America
Maintains
Buy
Sep 2014
Credit Suisse
Maintains
Outperform
View More Analyst Ratings for PTCT
View the Latest Analyst Ratings
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Deutsche Bank Loves These Small-Cap Biotech Stocks
