September 16, 2015
Fallen Biotech Angels to Arise: John McCamant and Jay Silverman of theMedical Technology Stock Letter CBMG, NVAX, OGXI, MDCO, SGMO
The Life Sciences Report
It’s all about data for John McCamant and Jay Silverman of the Medical Technology Stock Letter, and right now it’s festival time as we approach the busy season of market-moving catalysts and milestones. From now until December, biotech investors will be focused on the press releases, webinars and scientific presentations that serve as a vitality tonic for the entire biotech industry. In this interview with The Life Sciences Report, McCamant and Silverman give a detailed picture of their growth theories on six biotech stocks that could reap many multiples on invested capital over the next few years.
The Life Sciences Report: John, biotech stocks have been in a steady retreat since the peak on July 20. Now, compounding that effect, we have experienced global stock market volatility that originated in China. Given that biotech has been in a bull run for close to four years, I wonder if you think it will suffer more than the rest of the market? Or could biotech actually perform better after the shakeout?
John McCamant: We expect biotech to outperform. As we discussed in our last issue of the Medical Technology Stock Letter (MTSL), we are used to seeing corrections. We particularly referenced the seasonality of the sector, and I think that seasonality combined with the market selloff. In the bigger picture, we’re comfortable with corrections in biotech, as well as in the broad markets. These markets don’t go straight up, and we need opportunities to get into them.