POINT ROBERTS - November 2, 2011 –Investorideas.com, a leader in sector research for independent investors issues the following commentary for nanotech stocks and drug delivery as part of the ongoing content series “follow the money in Nanotechnology.”
According to Cientifica's recent report, Nanotechnology in Drug Delivery 2011,"
The healthcare market is poised to see some of the earliest benefits of nanotechnology. Over the next decade, it will be one of nanotech's highest growth sectors. Targeted drug delivery therapies for the treatment of cancer is one of the most commonly cited nano-healthcare benefits.
The market growth for NDD in the period 2000-2010 shows it reached US$1,030 million by 2010.The forecast for nanotech drug delivery to 2021 shows that the total addressable market will reach US$ 136,134 million by 2021 and the compound annual growth rate (CAGR) is estimated to be 49.96% over the period 2010-20121."
One of the nanotech stocks within the sector to watch is Flamel Technologies (NASDAQ: FLML).
The stock has as 52 week range of $3.61 - 7.75 and is currently trading at $4.75.
Flamel Technologies, S.A. is a biopharmaceutical company principally engaged in the development of two unique polymer-based delivery technologies for medical applications. Micropump® is a controlled release and taste-masking technology for the oral administration of small molecule drugs; it is the intellectual platform licensed by GlaxoSmithKline for the development of Coreg CR™. Flamel's Medusa® technology is designed to deliver controlled-release formulations of therapeutic proteins and peptides.
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