The biotech industry refers to 2013 as the year of the biotech
return. Fourteen biotech companies had gone public as of May 2013,
according to Reuters. By early August BioTechNow reported, "With 23
US-based biotech companies in 2013, the sector is now ahead of any
year since 2007. The European-based biotechs (including companies
based in Israel) continue to knock out a few IPOs per year, with
four in 2013 so far."
Here's a look at four biotech companies in a 52-week low, and the
billionaires and insiders who hold them. The four companies
selected are more than 74% off a 52-week high.
Industry Sector: Biotechnology
According to the GuruFocus Value Screen for finding
, the biotechnology sector has 24 companies out of 173 on a 52-week
low. The low ratio is 0.14.
Sophiris Bio Inc. (
The current share price is $4.22, or 86.1% off the 52-week high of
Up 2,339% over 12 months, Sophiris Bio Inc. has a market cap of $68
million, and trades with a P/S of 2.90.
Company: Sophiris a biopharmaceutical company developing a
clinical-stage, targeted treatment for the symptoms of benign
prostatic hyperplasia (BPH or enlarged prostate). The company has
achieved more than 20 drug approvals. As of August 23, 2013,
Sophiris Bio Inc. issued 13,000,000 common shares at a price of
$5.00 per share for aggregate gross proceeds of $65 million in an
There is no guru action to report but company executives were
actively buying shares in August 2013. Here's
for SPHS. Boxer Capital LLC, a ten percent owner, bought 1,600,000
shares as of August 16, 2013 at a trade price of $5.00 per share
Track share pricing, revenue and net income:
AVEO Pharmaceuticals Inc. (
The current share price is $2.12, or 81.50% off the 52-week high of
Down 79% over 12 months, AVEO Pharmaceuticals Inc. has a market cap
of $110.1 million, and trades with a P/B of 0.80.
Company: AVEO Pharmaceuticals Inc. is a cancer therapeutics company
committed to discovering, developing and commercializing targeted
cancer therapies. The company is seeking to develop multiple new
drugs that target important mechanisms known or believed to be
involved in cancer. AVEO Pharmaceuticals Inc. was incorporated in
2001 as GenPath Pharmaceuticals Inc. and changed its name to AVEO
Pharmaceuticals Inc. in 2005.
As of June 30, 2013, the top Guru stakeholder is
who reduced his position by 21.9%. He currently holds 3,829,350
shares or 7.39% of shares outstanding. In seven quarters of
holding, Klarman has averaged a loss of 86% on 5,084,652 shares
bought at an average price of $15.43 per share. He has averaged a
loss of 55% on 1,255,302 shares sold at an average price of $4.73
Guru Jim Simons increased his position by 298.98% as of June 30,
2013, buying 912,245 shares at an average price of $4.52 for a loss
of 50.4%. He has averaged a loss of 5*% on 1,217,363 shares bought
at an average price of $5.08 per share.
Chuck Royce and Paul Tudor Jones both made new buys as of the same
quarter, holding 540,000 and 111,300 shares, respectively.
Track share pricing:
Oxigene Inc. (
The current share price is $2.20, or 76.8% off the 52-week high of
Down 66% over 12 months, Oxigene Inc. has a market cap of $5.8
million, and trades with a P/B of 1.00.
Company: OxiGene Inc. was first incorporated in 1988. OxiGene is a
clinical-stage, biopharmaceutical company developing novel
therapeutics to treat cancer and eye diseases.
As of June 30, 2013, the only Guru stakeholder is Jim Simons who
made a new buy of 17,585 shares at an average price of $3.29 for a
loss of 33.1%. Simons has sold out twice in his five-year trading
history showing a streak of double-digit losses at around 99% in
each quarter. Insider trading was active for OXGN.
Track share pricing:
Medgenics Inc. (
The current share price is $4.17, or 74.6% off the 52-week high of
Down 64% over 12 months, Medgenics Inc. has a market cap of $51.1
million, and trades with a P/B of 16.00.
Company: Medgenics Inc. and its subsidiary are engaged in the
research and development of products in the field of biotechnology
and associated medical equipment. Company operations are conducted
As of June 30, 2013, the only Guru owner is Jim Simons who reduced
his position by 41.83%, unloading 11,000 shares at an average price
of $4.10 for a gain of 1.7%.
Jim Simons has averaged a loss of 28% on 26,300 shares at an
average price of $5.81. On shares sold, he has averaged a gain of
2% on 11,000 shares sold at an average price of $4.10 per share.
Track share pricing:
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