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There are plenty of promising biotech stocks for investors to sift through right now. One of these companies is Alexion Pharmaceuticals (NASDAQ: ALXN), a developer of treatments for rare diseases that has seen tremendous success with its flagship drug, Soliris.
With management expecting further sales growth, there's a lot of potential upside for this company in the future. At the same time, its shares are trading quite cheaply in comparison to other biotech companies'.
Does that make this stock an automatic buy in 2020? Let's find out.