SmallCapPower | April 4, 2018: The Canadian healthcare sector is struggling, with the S&P/TSX Capped Healthcare Index declining 14% over the past three months while the Dow Jones Healthcare Index decreased 4%. In contrast, the TSX is down 8% while the Dow Jones has eased 5%. However, the Canadian healthcare stocks on our list today have seen strong returns despite poor sector performance, and could continue to rise, especially if the sector recovers.
Biocure Technology Inc. (CSE:CURE) – $1.14Pharmaceuticals
Biocure Technology is a U.S.-based pharmaceutical company. The Company's primary product is its in-situ polymerizing hydrogels, used in dressings, tissue adhesives, and other applications. Biocure also offers block copolymers, designed to mimic biological cell membranes.
Market Cap: $49.5 Million1 Month Total Return: 15.2%3 Month Total Return: 250.8%Antibe Therapeutics Inc. (TSXV:ATE) – $0.46Biotechnology & Medical Research
Antibe Therapeutics is a Canada-based biotech company with several products in development. The Company's drug division produces ATB-346, a Non-Steroidal Anti-Inflammatory Drug (NSAID), with minimal GI damage and effect on blood pressure. Its Citagenix subsidiary produces dental regenerative medicine for oral surgery.
Market Cap: $80.4 Million1 Month Total Return: 75.0%3 Month Total Return: 160.0%52 Week Total Return: 127.5%ProMIS Neurosciences Inc. (TSX:PMN) – $0.46Biotechnology & Medical Research
ProMIS is a Canada-based biotech company focused on treating neurodegenerative diseases. The Company has seven products in development, four of which target Alzheimer's, two which target ALS, and one which targets Parkinson's. ProMIS aims to treat misfolded proteins, using a molecular target identification system licensed from UBC.
Market Cap: $104.1 Million1 Month Total Return: 27.8%3 Month Total Return: 119.0%Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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