Billionaires Are Gobbling Up This Beaten-Down Biotech Stock: Should You?

Billionaires Are Gobbling Up This Beaten-Down Biotech Stock: Should You?

Julian and Felix Baker of the $15.6 billion hedge fund Baker Bros. Advisors are well-known for their uncanny ability to unearth hidden gems in biotech and biopharma. So when I noticed that the dynamic duo purchased a noteworthy 2 million shares of the beaten-down vaccine maker Novavax (NASDAQ: NVAX) in the second quarter of 2017, it piqued my interest to say the least.

The Baker Bros., after all, have repeatedly picked some of the top-performing biotech stocks over the past six years, and they've also successfully mined the ultra-risky landscape of clinical setbacks to produce some truly astounding gains.

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Source: Fool.com