A Great Tool For Biotech Traders – BioPharmCatalyst.com:
BioPharmCatalyst.com is a phenomenal resource for uncovering catalyst events within the biotechnology sector. Such catalysts include Phase 1/2/3 trial data releases, FDA Approval/PDUFA, Advisory Committee (AdCom) Meetings, etc. With an understanding of such events, biotech traders and investors are able to perform their due diligence on pipeline drugs and have a timeline of expected developments. Best of all, the platform is completely free to use and provides supplemental newsletters for interested users: Biopharm Catalyst Biotech Stock Watch List (weekly), Biotech Stock Price Movers (daily), and Pipeline Database Updates (daily).
It’s an undeniable fact that catalysts can be a major reason for why stocks move. Inherently, that’s what catalysts are – reasons for a stock to move in one direction or another. If traders and investors can position themselves correctly before a particular catalyst (or set of catalysts) is priced in, then there’s a lot of room for potential profit along the way. Two of the best scanners and newsfeeds available for spotting catalysts in the market are Benzinga Pro (#1 Newsfeed) and Trade Ideas (#1 Scanner). But overall, BioPharmCatalyst can be a great free resource to use for researching and planning biotech trades.