Health Care Small Cap Stocks Looking, Well, Healthy

Though the small cap market as a whole has been down lately, one sector appears to be rallying and surpassing the others. That’s right – health care companies, a mainstay of small cap indices, is on the rise. Barron’s even called it “the place to be.”

If there’s one sector that’s looking bright, health care is a pretty safe bet. After all, an aging population combined with longer lifespans on average means that more people will be taking advantage of the health care system for quite some time. Over the next 10 years, world demographics will shift such that half of all humans will be over the age of 50.

In the past, we’ve covered health care small cap stocks in groups, but we thought we’d take a different approach and gather a potpourri of health care stocks from a variety of different sectors. While we’ve covered each of these companies before, we’ve never addressed them at the same time. Here’s a short list of small cap stocks in health care that we’ve covered previously:

Amityville, NY-based Hi-Tech Pharmacal Co. develops and manufactures generic and over-the-counter medications, including Fluticasone nasal spray. The company was acquired in April 2014 by Lake Forest, IL-based Akorn, Inc. (NASDAQ:AKRX). Akorn’s first-quarter results show 23% growth over first quarter 2013 at $90.6 million. In May, Akorn announced the acquisition of VPI Holdings Corp., the parent company of VersaPharm Incorporated. AKRX closed June 9 at $28.54, up $0.19, with a market cap of $2.91 billion. Its 52 week trading range is $12.91 – $29.62.

BioInvent International (OTCMKTS:BOVNF), based in Lund, Sweden, is a research-based pharmaceutical company developing antibody drugs for diseases like multiple myeloma and non-Hodgkin’s lymphoma. The company’s current pipeline includes three different drug candidates for treating cancer. We last covered BioInvent in March of this year. BOVNF last traded on October 16 at a price of $0.41, with a market cap of $34.86 million. Its 52 week trading range is $0.35 – $0.49.

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