GlaxoSmithKline plc (ADR) (GSK) & Three Humongous Healthcare Stocks This Week

RBC Capital initiated coverage on Astex earlier this week with an “outperform” rating. Even better, the investment firm set a price target of $9 per share, around 70% higher than current levels after the nice gains this week.

Astex also announced on Wednesday that the company would make 13 data presentations on its pipeline at the upcoming American Association for Cancer Research annual meeting. While the biotech is largely dependent for now on Dacogen, its drug targeting treatment of myelodysplastic syndrome and acute myeloid leukemia, several drugs in its pipeline should attract considerable interest.

Blossoming
All three of these stocks have been quite good for investors lately. Over the longer run, I’d go with Astex as the best pick. The company does face the loss of orphan drug exclusivity in the U.S. for lead drug Dacogen this year, but I expect sales will remain strong and likely grow in Europe. This biotech stock should continue to blossom.

The article 3 Humongous Health-Care Stocks This Week originally appeared on Fool.com.

Fool contributor Keith Speights has no position in any stocks mentioned. The Motley Fool recommends Cubist Pharmaceuticals.

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