September 08, 2016

EpiPen Pricing: Much Ado About Nothing   Drug prices are back in the news, this time focused on the epinephrine auto-injector marketed by Mylan [NASDAQ:  MYL] as “EpiPen.”  EpiPen is a life-saving product for those at risk of anaphylaxis — a severe allergic reaction which in different individuals can be Read more…

May 5, 2016

Biotech:  Still An Innovation Engine   Biotech had a tough second half of 2015, and a tough beginning to 2016; between July’s high last year, and the February 2016 low, the Nasdaq Biotechnology Index (NBI) registered a nearly 40 percent decline, with an uneven recovery thereafter.         Read more…

January 19, 2015

Executive Summary 1. Investment themes for 2015. Low inflation, an improving employment picture, rising real disposable income, accelerating GDP growth, and a dovish Fed all continue to make a strong case for U.S. stocks in 2015. We favor companies with strong fundamentals in industries supported by macro trends — transportation, Read more…