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TEVA - Emergent BioSolutions: Revising My Valuation
Teva Pharmaceutical Industries Limited American Depositary Shares
I last covered Emergent BioSolutions (EBS) in July 2018. Since then, much has changed for the world and the overall pharmaceutical industry. The stock has managed to swoop right past my target price and is now trading at new highs.
In fact, this small life sciences company with a special focus on tackling public threats, be it biological, chemical, or nuclear, is up 29.66%. These returns are exceptional in such difficult times, considering that the stock plunged by over 20% on June 8 after an unfavorable court decision.