市场见解

Standouts: 3 ASX biotech shares that outperformed in November

These three biotech shares were standout performers in November.
The post Standouts: 3 ASX biotech shares that outperformed in November appeared first on The Motley Fool Australia. –

Investing in ASX biotech shares was an underwhelming affair in November. As a basket, the sector lagged key benchmarks, and many names saw substantial declines in value over the month.

Renewed fears from the Omicron COVID-19 variant saw investors rethink their risk budgeting and reallocate towards more defensive positions away from speculative biotech names. As the market digested news of the new variant, there was a sector-wide selloff in ASX biotechs.

Despite the carnage, there were at least 3 standouts that outperformed in November. Here are the details on each.

TELIX Pharmaceuticals Ltd (ASX:TLX)

Shares in molecular targeted radiation specialist Telix had a relatively strong month and came out more than 9% in the green for November.

Telix shares rallied as much as $7.32 and tested this level twice, before settling slightly below this at $6.60 apiece.

The clinical stage biotech announced that the Australian Therapeutic Goods Administration (TGA) approved its Illucix offering – news investors responded positively to by bidding up its share price. Illucix is an agent for the diagnostic imaging of men with prostate cancer.

Patients who are at risk of metastasis and are suitable for primary staging, alongside those patients who are deemed to have a biochemical recurrence are eligible under the TGA’s broad clinical indication for Illucix.

The company also gave an investor presentation towards the end of the month covering its therapeutics and outlook.

At the time of writing, Telix shares were fetching $7.27.

Memphasys Ltd (ASX: MEM)

Shares in medical device and biotechnology company Memphasys came in with a strong performance in November and closed out the month 58% in the green.

Investors piled into Memphasys shares mid-month after the company announced it had received validation and verification for its Felix device.

The Felix device is an innovative solution to remove poor quality sperm samples in in-vitro fertilisation (IVF) to ensure the highest probability of contraception.

Later in the month, the company also advised of the first sale for its Felix device to Diagens Biotechnology Company Ltd in China. The unit was sold for $11,000 and included a “starter pack of cartridges for research applications”.

The company notes that commercial discussions are now “significantly advanced” as first clinical sales are anticipated in low regulatory markets in the coming periods.

November’s gains were a welcomed sigh of relief for Memphasys shareholders, seeing as the ASX biotech share is down more than 27% in the last 12 months.

At the time of writing, the Memphasys share price is trading for 9.3 cents apiece, down 7% since January 1.

Mesoblast Limited (ASX: MSB)

Shares in ASX biotech Mesoblast had a wild ride in November yet still managed to finish out the month on top. During the 30 days, Mesoblast closed as high as $1.90 and sunk as low as $1.61– a 19% spread for the month.

Investors sent Mesoblast’s share price north in vertical fashion following positive study readouts on its rexlemestrocel-L product candidate. Rexlemestrocel-L is being developed to treat inflammatory diseases in both adults and children.

The latest study results showed the label exhibited a reduction in cardiovascular mortality, heart attacks and strokes, with the greatest effect seen in the “setting of inflammation”.

Specifically, the trial showed that a single dose of rexlemestrocel-L alongside standard of care reduced the incidence of heart attacks or strokes by 65% across the majority of the study cohort.

The novel mechanism of action Mesoblast has with its product offering was also shown to add additional benefits over the current standard of care alone in cardiovascular events such as a heart attack.

Investors were quick to secure a position in the company after the update and even after some profit-taking levelled off its share price. It still closed out the month at $1.70 with a gain far ahead of the benchmark indices.

Overall, the ASX biotech basket was placed on the backburner in November, which adds further weight to these 3 shares and their momentum during the month.

The post Standouts: 3 ASX biotech shares that outperformed in November appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Why is the Mesoblast (ASX:MSB) share price blasting 10% higher today?

Telix (ASX:TLX) share price lifts 7% on new distribution agreement

Why Life360, Oil Search, Telix, and Zip shares are storming higher

These are the 10 most shorted ASX shares

These are the 10 most shorted ASX shares

The author has no positions in any of the stocks mentioned. Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!