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Best stocks right now - Medicines Company (MDCO)

11/15/2013

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A new addition to my portfolio and the Best stocks list: Medicines Company is a global biopharmaceutical company, with have four marketed products, Angiomax® (bivalirudin), Recothrom® Thrombin, topical (Recombinant), Cleviprex ® (clevidipine butyrate). They also have a pipeline of acute and intensive care hospital products in development, including four late-stage development product candidates, cangrelor, oritavancin, MDCO-157 and IONSYS TM (fentanyl iontophoretic transdermal system), and early stage development product candidates, MDCO-216 and ALN-PCS02 and ALN-PCSsc of our ALN-PCS program. 

The vast majority of their sales comes from Angiomax, however their other products are growing at a faster pace, with 4 more launching in the next 12-24 months. In the latest quarterly results, net revenues grew by 27% to 174.3 million USD, and adjusted net income 100% to 29.3 million USD. The growth is expected around 30% CAGR, which is quite in line with a 32 forward P/E. The patent for Angiomax will expire in 2019, however it's growth and the pipeline of new drugs should be more than sufficient for the future.
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