Keryx Pharmaceuticals: Time to Buy Back In - trackseekingalpha

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Keryx Pharmaceuticals: Time to Buy Back In
Oct 04, 2009 11:26 AM UTC

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Via Long Investment Ideas from Seeking Alpha:

When shares of Keryx Biopharmaceuticals (KERX) spiked to over three dollars on Tuesday after the company issued a press release regarding the continued "impressive" efficacy of its treatment for Advanced Metastatic Renal Cell Carcinoma, Perifosine, I stated that it was a good time to take some profits after the recent, short-term triple in price. Now that the stock has quickly declined back to the two dollar range, it's time to buy back in and accumulate for the long term.

Keryx is loaded with potential, especially now that both of the company's product candidates, Zerenex and the aforementioned Perifisone, have been proven successful in Phase II trials. Phase III trials are now pending, according to the company's website. For those that may be new to the Keryx game, Zerenex is a treatment for developing kidney disease and Perifisone treats Advanced Metastatic Renal Cell Carcinoma.

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