MBR has gone up over 100% recently and there has also been some insider buying. It has a target price of approx $60 and so seems undervalued.
The company has a few drugs in the pipeline including a GLP-1 weight loss drug which should only require an injection once a month instead of once a week. This is in Phase 1 trials at the moment, so it won't be produced until at least 2027 but the share price may rocket if Phase 1 goes well and it will go even higher after Phase II testing.
As always, investing in pharmaceutical companies is risky - the trials could fail or a better/cheaper drug may be produced by a competitor. My intention is to sell as soon as it shows a nice profit, but others may prefer to hold on for the ride!
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