We're rapidly approaching the end of 2012 and, while initial public offerings for tech companies usually grab the headlines, the health care space also had a number of exciting IPOs this year. Not all of them were winners, but Merrimack Pharmaceuticals (NASDAQ: MACK ) is up more than 13% year to date (as of this writing). In the following video, health care analysts Max Macaluso and Brenton Flynn discuss Merrimack's business and drug pipeline.
While you can certainly make huge gains in biotech and pharmaceuticals, the best investing approach is to choose great companies and stick with them for the long term. In our free report "3 Stocks That Will Help You Retire Rich," we name stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.