I've been bullish on GenMark (NASDAQ:GNMK)
for a while, but that hasn't always (or even often) been a particularly
easy or rewarding position to hold. The shares bounced between $9 and
$14 for the first year or so after my first piece
on this small diagnostics company and slid down to below $5 in the
following year before starting a climb this year that peaked at over
$13.
The reason for the quick turnaround in
sentiment isn't hard to find - the company finally got its CE Mark for
its new ePlex system, and with that laid to rest most of the lingering
concerns about system reliability. The company still needs to submit its
application to the FDA and actually launch the device, but the
company's path to $500 million-plus in sales now looks more "when" than
"if" than it has in a very long time.
Read more here:
GenMark Has Put A Lot Of Doubts To Rest, But There's Still More Work To Do
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