Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of biotechnology company Momenta Pharmaceuticals
So what: Swiss drug giant Novartis
Now what: With all the attention being paid to generics, Momenta, which specializes in the analysis of complex molecules, is certainly worth looking into. While today's double-digit surge already seems short-lived, enoxaparin's impressive results further validate Momenta's technology. Of course, given that it's still small and unprofitable, I'd have to buy Momenta in a "biosimilar basket" with the likes of Teva Pharmaceutical
Interested in more info on Momenta? Add it to your watchlist here by clicking here.
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Momenta is a Motley Fool Rule Breakers pick. The Fool owns shares of Teva. Try any of our Foolish newsletter services free for 30 days.
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