November Nearly Doubled This Biotech's Shares
November saw Celsion shares climb 71%, putting the stock at a year-to-date total of a 360% gain. The company is advancing its ThermoDox process through phase 3 trials for liver cancer. The process uses heat-sensitive nanoparticles that are then heated through RF ablation to kill tumors. More focus will be on this company in the near future as it moves closer to its phase 3 results, but as with any biotech stock with an upcoming binary event that could really drive share prices either way, the risk is inherently high; if the tests are a failure, the sell-off could be enormous.
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The article November Nearly Doubled This Biotech's Shares originally appeared on Fool.com.David Williamson and Max Macaluso have no positions in the stocks mentioned above. Follow David on Twitter @MotleyDavid. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.