|Written by GSCR Staff|
|Tuesday, 09 December 2014 07:12|
Today’s losers are tomorrow’s winners: a common and somewhat bona fide axiom in the market which we brought up in yesterday’s Goldman Guide.
One sector that we could possibly turn to for 2015, as we mentioned, is the old guard for small cap, the biotech sector.
BIND Therapeutics, Inc. (NASDAQ – BIND - $5.78) fits the mold of a downer in 2014 with some huge upside potential for next year. The stock opened the year above $15 and has steadily declined nearly 60% this year, not uncommon for a lot of small cap biotech stock this year.
BIND Therapeutics is a clinical-stage nanomedicine platform company that develops various targeted and programmable therapeutics. It is developing a unique nanomedicine platform called Accurins that are designed with specified physical and chemical characteristics to target specific cells or tissues and concentrate a therapeutic payload at the site of disease to enhance efficacy while minimizing adverse effects on healthy tissues. The Company’s lead Accurin drug candidate includes BIND-014 which is a prostate-specific membrane antigen targeted Accurin that contains docetaxel and is in Phase 2 clinical trials for non-small cell lung cancer and metastatic castrate-resistant prostate cancer. The Company has collaboration agreements to develop Accurins based on therapeutic payloads from their product pipelines with Amgen, Inc (NYSE – AMGN), Pfizer, Inc. (NYSE – PFE) and AstraZeneca AB (NYSE - AZN).
There have been a couple of pieces of great news for the Company in this quarter. First, BIND reached an agreement with Merck & Company (NYSE – MRK) to discover and develop novel nanomedicines for oncology. This collaboration will leverage BIND’s proprietary nanomedicine technology to create targeted Accurins based on novel, potent payloads from Merck’s preclinical oncology portfolio. Second, the Company reported positive results from its ongoing Phase 2 study of BIND-014 in non-small cell lung cancer (NSCLC). The data demonstrated that BIND-014 is well tolerated with clinically meaningful anti-tumor activity at a lower dose than conventional docetaxel in patients with advanced or metastatic NSCLC.
With nearly $60 million cash on hand as of the end of 3Q14, BIND Therapeutics is poised to continue its development into 2015. Landing new partnerships and progress in clinical trials should help BIND in 2015. Look for a rebound back to $10 sometime in 2Q15.
Have a great day!
Disclosure: Goldman Small Cap Research analysts are neither long nor short these shares but may elect to purchase the stock within the next 48 hours.
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