Pharma Stock Soars Through Volatility for Nice Profits

Volatility is back, but the “V-word” isn’t all bad—traders just need the right strategy to leverage the market churn.

Yesterday, stocks posted a sharp recovery from the last week’s doldrums, gaining back much of the ground they lost so dramatically. The rally appears to be continuing today.

At the end of the past week of high volatility trading, markets are close to even from where they were one month ago. Blue chip stocks like Home Depot and Apple have been at the forefront of the rally.

Today’s Top Performer comes from the pharmaceutical sector, which continues to be a strong source of short-term gains even as market conditions evolve.

Theravance Biopharma (TBPH): shoots up on news of new research agreement.

TBH Gains

This morning, TBPH announced a new research agreement, designed to facilitate global collaboration with  Janssen. Together, the two companies will focus on the further development of TD-1473, a potential treatment for intestinal inflammation disorders.

TBPH will receive up to $1 billion potential payments in the deal, with $100 million received upfront.  TD-1473 is garnering significant interest as a potential treatment for conditions with few current options, including ulcerative colitis and Crohn's disease.

Investors bought the stock on heavy volume on the news, driving it to gains closing in on 15% at the time of this writing. Recent volatility doesn’t change the fundamental fact about current equity valuations: investors are hungry for hidden growth potential. And few sectors can deliver sudden shifts in growth potential like pharma.

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