Mention in the Times31 Dec 2017 12:18
Iain Dey
Oxford BioMedica
Backing British biotech has served me well this year, so I am going to attempt to repeat the trick. Medicine is making quicker advances than the general public seems to acknowledge. One biotech that seems to offer upside, with limited downside, is Oxford BioMedica.
Having more than doubled this year to 8.85p on the back of test results that showed one of its treatments could help cure a form of childhood leukaemia, it is not necessarily an obvious choice for 2018. Nonetheless, Peel Hunt and Jefferies both have a price target of 13p per share, implying more than 40% upside.
Formal approval of the aforementioned leukaemia treatment could lead to a reappraisal of what some analysts reckon could be a $1bn blockbuster.