Apr 20, 2023
M&A activity sparks investment opportunities in pharmaceuticals: Hot picks
There is speculation Karuna Therapeutics could be acquired: Equity researcher
In an interview with BNN Bloomberg’s Amber Kanwar on Thursday, Laura Chico, senior vice-president of biotechnology equity research at Wedbush Securities, said she see’s more companies within this space buying competitors to bring new and improved drugs into their pipelines.
“We saw finally 13 deals done over $300-million last year, we’re already at about half a dozen deals so this year, and really excited about the pace here,” she said.
She recommended Karuna Therapeutics Inc. (KRTX), Neurocrine Biosciences, Inc. (NBIX), and Astria Therapeutics Inc. (ATXS) as her top picks in the biopharmaceuticals industry.
Chico, her family, her firm and her investment banking clients do not own any shares mentioned above.
Check out the full video at the top of the article to learn more.