
The Masters haven't mentioned Onyx Pharmaceuticals Inc (NASDAQ:
ONXX) in a long time, since our 100%+ gain with
our Master Picks Newsletter. Barron's is jumping on the bandwagon now that shares are down to $33. Can Nexavar, Onyx's cancer drug take the company and stock back into the spotlight?
Onyx Pharmaceuticals Inc's (NASDAQ:
ONXX) cancer drug has bright potential in treating several forms of the disease and could raise the biotech company's shares, according to a report on Sunday in Barron's (Paid portion only, thus no link provided).
With sales of its drug Nexavar, now approved to treat kidney and liver cancer, expected to hit $1 billion next year, Barron's said one health-care investor is looking for earnings of $1.93 per share, and valuing the stock at $65 to $75 per share....
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