After spending much of the past six months at a less-than-impressive two-star rank, SciClone Pharmaceuticals
Shares of SciClone have regained some ground after retreating from their highs north of $5.00, set late last year. Investors are warming up to the company's prospects again now that the company sees growing strength of its Zadaxin drug in China. The company capped off 2009 with positive fourth-quarter and full-year earnings, compared with losses in the prior year, and forecasts further earnings and revenue growth in 2010.
It has its sights set on several milestones to achieve this year with other treatments in its pipeline as well, which leaves many feeling the company has several good chances at bringing another treatment to market soon.
While the hepatitis C field that SciClone plays in is crowded with companies like GlaxoSmithKline
Despite all the risks inherent in small biotech firms, a small but vocal following of CAPS members believe the long-term prospects for SciClone's stock are good, with a solid pipeline of candidates on top of opportunities to expand to new markets.
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