TherapeuticsMD (TXMD) , is of our top stocks under $10 for 2015.
As everyone knows, 2014 was a volatile year for the biotech stock, which traded as high as $9.01 in March and recently changed hands around $4.37. That said, we believe the company has several potential catalysts for the New Year and believe shares can move back up toward the high-single digits.TherapeuticsMD has a solid clinical pipeline of potential female hormone replacement therapy (HRT) treatments, including two drugs in Phase III studies that could compete in $1 billion-plus markets.
Since early-stage biotech names aren’t expected to generate meaningful earnings for a few years, they tend to trade on news flow. On that front, we believe the company will achieve several positive milestones in 2015, which can help drive the stock higher. In the meantime, TherapeuticsMD has a solid, debt-free balance sheet, with $67 million of cash.
In addition to promising medical research and possessing several patents, TherapeuticsMD also has a strong management team with several key players in the HRT market. This includes non-executive Chairman, Hon. Tommy Thompson, who was the former Secretary of Health and Human Services under President George W. Bush.
As the company continues to move its lead products closer to approval from the Food and Drug Administration in 2015, we believe the stock has the potential to double from current levels.
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