Are you in the holiday spirit yet? Well, obviously the stock market isn’t, given its tepid performance on Monday. Most major indexes sagged, with many stocks sinking along with them.
Monday’s a good day to go positive, though, so I’m going to highlight two stocks that bucked this trend and increased at their close. Read on for more.
The relatively smaller, more specialized pharma companies are dependent on the progress of their drug candidates — which is fortunate for Nektar, as it announced Sunday night at an industry conference that its immunotherapy treatment NKTR-255 is showing promise in pre-clinical research.
Immunotherapy is a form of treatment that aims to boost the response of the body’s immune system to health threats. Over the past few years it has become a hot area of research into cancer treatment. NKTR-255 targets certain types of myeloma and lymphoma.
If this early promise of NKTR-255 ends up being fulfilled, the drug could become a significant weapon in the war on cancer — and, of course, drastically boost Nektar’s fortunes. But as with many other peer stocks, Nektar is very much a roller coaster,…