3 Beaten-Up Biotech Stocks: Are They Bargains?

3 Beaten-Up Biotech Stocks: Are They Bargains?

The iShares Nasdaq Biotechnology Index has tacked on a healthy gain of around 15% so far this year, without any help from Celldex Therapeutics, Inc. (NASDAQ: CLDX), Agenus Inc. (NASDAQ: AGEN), or Progenics Pharmaceuticals, Inc. (NASDAQ: PGNX). All three of these relatively small biotechs have slipped by double-digit percentages in 2017.

Is the pessimism justified, or has the market underestimated the potential value drivers within these companies' drug development pipelines? Let's take a cool-headed look at each to see if there's something for long-term value investors to get excited about.

Beaten-down prices for these biotech stocks suggest value opportunities ahead. Image source: Getty Images.

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Source: Fool.com