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Two Biotech Stocks for the End of 2018

Cara Therapeutics Inc. (NASDAQ:CARA)

Cara Therapeutics is a small clinical-stage biotechnology company with a market cap currently under $700 million.  They are currently working on a drug to be used for treating chronic kidney disease-associated pruritus (CKD-aP) which affects a majority of dialysis patients.  The company has recently partnered up with Vifor Fresenius Medical Care Renal Pharma for a $50 million cash-up-front deal for the commercial rights of their CKD-aP drug.  The deal also includes tiered roalties and milestone payments up to $470 million to the company based on sales.

Vifor Fresenius Medical Care Renal Pharma is a joint venture between two larger players in the industry, Vifor Pharma Group and Fresenius Medical Care.

In the short-term shares of CARA have been on the rise since the end of May.  In the long-term, shares have followed a definable up trend and is currently looking to break its last high-high of $28.50.  Shares are still climbing and are currently up over 10% on the week.

 

Biogen Inc. (NASDAQ:BIIB)

Biogen Inc. is another biotech company that has caught our attention in recent months with their industry-leading multiple sclerosis (MS) treatments.  The company has returned a lot of cash to investors and has a solid trial pipeline to add to that.  On August 2nd this year, Biogen’s Board of Directors authorized a buyback program to repurchase up to $3.5 billion in common stock.  Back in 2015, the company began trials with its Alzheimer’s disease candidate.  Currently, Aducanumab, is in phase 3 of their trials with roughly 1605 participants.  If the drug proves medically significant and is subsequently approved by all governing authorities, this could open up Biogen to a completely new market.

The Alzheimer’s disease market has been projected to reach $14.8 billion in sales by 2026 while the multiple sclerosis market is already at $21.5 billion for the year of 2017.

 

 

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