2 Incredibly Cheap Cancer Stocks to Buy Now

Over the next four years, cancer drugs and biologic therapies are forecast to grow into a $237 billion industry, according to EvaluatePharma. The direct offshoot of the industry's enormous size is that most oncology stocks currently sport rather rich valuations -- especially those with novel commercial-stage products or drug development platforms. As such, there aren't a whole lot of bargains to be had among publicly traded cancer companies at present. Having said that, there is a small cadre of grossly undervalued cancer stocks flying under the radar right now.

Atara Biotherapeutics (NASDAQ: ATRA) and Clovis Oncology (NASDAQ: CLVS) are two names that have failed to capture the market's imagination over the past few years. This year could turn out to be the start of a long-term growth trend for both of these biotech stocks, however. Here's why investors may want to consider buying these two beaten-down cancer plays soon.

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Source Fool.com