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Stockreport

Is Celldex Therapeutics, Inc. (CLDX) a Buy? [The Motley Fool]

CELLDEX THERAPEUTICS (CLDX)  More Company Research Source: The Motley Fool
Last celldex therapeutics earnings: 5/10 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.celldex.com
PDF The odds just might finally be in this biotech's favor. Many biotech stocks posted strong performances in 2017. Celldex Therapeutics ( NASDAQ:CLDX ) wasn't one of them. The clinical-stage biotech saw its share price drop 20% last year. And that's on top of losing nearly 80% of its market cap in 2016. But is Celldex a stock to buy with a new year under way? Here are the arguments for and against the beaten-down biotech stock. Image source: Getty Images. Reasons to stay away You won't have to look too hard to find a big reason not to buy Celldex stock: It's risky. Nothing illustrates this risk better than the huge clinical failure for the biotech's once-promising glioblastoma immunotherapy Rintega. And remember: Rintega had already cleared phase 1 and phase 2 hurdles and was in a late-stage study. None of Celldex's other current pipeline candidates are that far along in development. Another example of the risk associated with investing in Celldex stock is w [Read more]

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