Why Bellicum Pharmaceuticals Stock Is Rising Today
Bellicum Pharmaceuticals (NASDAQ: BLCM), a clinical-stage biotech, saw its shares rise in excess of 11% today on almost three times the normal volume. The adoptive cell therapy company's stock appears to be getting a lift from the recent Gilead Sciences (NASDAQ: GILD) $12 billion buyout of Kite Pharma (NASDAQ: KITE), as well as management's string of healthcare investor presentations scheduled for this month.
Image source: Getty Images.
Investors have been piling into adoptive cell therapy stocks in the wake of Gilead's buyout of Kite in the hopes of catching the next domino to fall in the chimeric antigen receptor space. And Bellicum, for its part, comes across as a particularly ripe takeover target as a result of its potent molecular switching platform, and rock-bottom valuation relative to leaders in the field like Kite. Kite, for instance, currently sports a market cap that's a hefty 24 times larger than Bellicum's.
Source: Fool.com
Gilead Sciences Inc Stock
With 67 Buy predictions and not a single Sell prediction Gilead Sciences Inc is an absolute favorite of our community.
As a result the target price of 128 € shows a slightly positive potential of 10.71% compared to the current price of 115.62 € for Gilead Sciences Inc.
