Last week, I wrote an article about Canadian Technology Companies. But beyond technology, mining, and oil, Canada is home to over 135 publicly traded life sciences related companies. The following Canadian stocks have market caps above $250 million, and trade either on the New York Stock Exchange or NASDAQ.
MDS Inc. (MDZ) is an Ontario based developer of products and services for the development of drugs, and the treatment of diseases, including pharmaceutical contract research services and contract manufacturing services for the radio therapeutics industry. The stock has a PE of 3, and a PEG of 3.46.
Biovail Corporation (BVF) is a Mississauga, Ontario based company that manufactures pharmaceutical products used to treat central nervous system disorders, pain management, and cardiovascular diseases including Wellbutrin XL and and Wellbutrin SR/Zyban for the treatment of depression, Ultram ER for the treatment of chronic pain, and Zovirax Ointment for the treatment of genital herpes. The stock has a PE of 13, a PEG of 1.75, and a yield of 11.8%.
Cardiome Pharma Corp.(CRME) is a British Columbia based developer of cardiovascular drugs. The company recently generated negative earnings of 1.36 cents per share.
QLT Inc. (QLTI) is a British Columbia based developer of ophthalmology and dermatology pharmaceutical products. The company recently generated negative earnings of 1.68 cents per share.
Angiotech Pharmaceuticals Inc. (ANPI) is a British Columbia based producer of medical products for diseases and complications associated with medical device implants and surgical interventions. The company recently generated negative earnings of 82 cents per share, but has a forward P/E of 20.
Transition Therapeutics Inc. (TTHI) is a Toronto, Ontario based biopharmaceutical company which develops products for the treatment of Alzheimer's disease, and diabetes. The company recently generated negative earnings of 71 cents per share.
By the way, if you are looking for information on high income Canadian stocks, check out Top Canadian Income Trusts.
Author does not own any of the above.
By Fred Fuld at Stockerblog.com