These 2 Stocks Could Be About to Soar: Are They Buys?
Shares of relatively small biotech companies often soar when they get positive news from regulators, and that's exactly what Madrigal Pharmaceuticals (NASDAQ: MDGL) and Bluebird Bio (NASDAQ: BLUE) are awaiting. Both companies expect to land major approvals in the coming months, which could jolt their share prices.
However, while short-term pops are great, investors will want to know whether these biotechs can perform well over the long run. So regardless of their near-term potential, are Madrigal Pharmaceuticals and Bluebird Bio likely to deliver outsized returns over the next five years and beyond?
Madrigal Pharmaceuticals is a clinical-stage biotech that may have made a significant breakthrough. It could beat much larger peers in the industry and become the first to launch an approved therapy for non-alcoholic steatohepatitis (NASH). This is a condition caused by the abnormal accumulation of fat in patients' livers, which leads to scarring and other problems.
Source Fool.com
