Synta Pharmaceuticals Corp. (NASDAQ:SNTA)
A biopharmaceutical company focused on discovering, developing and commercializing small molecule drugs that address severe medical conditions with potential markets, including cancer and chronic inflammatory diseases.
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Magic Formula - though speculative. I think it made the MF list because of huge cash infusion from selling its position with another partner.
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I'll watch SNTA in caps here.
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Surge of insider buying inspires confidence. While this means nothing if the drug ultimately doesn't fly, or heavy dilution tramples existing shareholders, the company has a good balance sheet due to the recent capital raise.
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Their product base has started rough with the cancer drug but, they have good products in the pipe line that is giving some positive light on the companies pipe line of products.
I like my chances because the company has many other products they are bringing to market. If they only bring one to market and get bough out they have become a success haven't they.
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Insiders just (Jan.) purchased 5+% of the company at this price. Insiders do not buy millions of their own biotech company without good reason.
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Went too high before the trail is successful. Red ink will show again for the quarters to come.
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wallstreet buy list
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Promising risky microcap biotech for various types of cancer with phase 3 interium results later out this year. One person described this as possiblly the "next celgene". Also has high insider ownership. NO insiders have sold since it went public nearly 2 years ago.
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A cancer biotech stock with a promising Phase 3 candidate for metastatic melanoma (elesclomol) along with a full early stage pipeline.
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Just won orphan status for their already fast tracked melanoma drug. should be interesting to see how this develops.
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IF THIS HITS WATCH OUT
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Cancer drug market at a low price
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Promising Melanoma (#1 Cancer Killer) Cancer Drug. $80M upfront from Glaxo, up to $1 Billion total for milestones. Fast R&D pipeline with several other drug canidates. Plenty of insider action at $9-$10. Stage 2 trial went well, stage 3 proceeding, FDA fast track drug candidate. $12-$14 easy within a month.
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Very promising data, 400% survival benefit in mal. melanoma w/o prior chemo as in current phase 3 trial.
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Ready to explode on GSK deal. An easy double from these discounted levels.
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Highest Rated Russell 2000 stock and Insider Buying = Buy
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Strong cash. Insider purchases.
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