Best New Stocks of Q2 – #4, Alder Biopharmaceuticals (ALDR)
At its onset, Alder Biopharmaceuticals (ALDR) didn’t look like it would make any list of top new stocks, managing to post a meager 0.3% return on its first day of trading.
Since then, ALDR has been on fire.
Alder is building a proprietary antibody platform, MabXpress, to better target diseases not addressed by antibodies. ALDR’s lead drugs treat rheumatoid arthritis and provide for migraine treatments, both massive market opportunities.
Alder also has a strong backing, as it has forged a major collaboration with Bristol-Myers Squibb (BMY) for its drug Clazakizumab, for rheumatoid arthritis.