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Why Ophthotech Corp. Is Biotech’s Newest Star

21/05/2014 by

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Ophthotech Corp shocked the market Tuesday with an incredibly strong licensing deal with big pharma Novartis. Shares surged nearly 25% higher after announcing a $1 billion deal surrounding Fovista, the company’s lead drug candidate.

Novartis will get rights for the drug outside the U.S., and beyond the cash and milestone payments, Ophthotech will receive a nearly unheard of mid 30% royalty stream. Opthotech’s drug would be taken with other wet-AMD drugs like Regeneron’s Eyelea or Lucentis, which Novartis conveniently already sells internationally.

In this episode of Market Check-Up, the Motley Fool’s health-care-focused investing show, analysts David Williamson and Michael Douglass discuss the Ophthotec’s slam-dunk deal, why Fovista is uniquely positioned to succeed, and ultimately why there is a lot to like about this stock.

This article has been extracted from http://www.fool.com, please click on this link to read the article in full http://www.fool.com/investing/general/2014/05/20/25-pop-why-ophthotech-corp-is-biotechs-newest-star.aspx

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

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