I haven’t exactly been a bull when it comes to Keryx Biopharmaceuticals (NASDAQ: KERX). For starters, it’s not even a biotech company (trying for the old “bait-and-switch” move, eh?). It doesn’t own a drug pipeline. Worst of all, stubbornly slow sales of its only drug, Auryxia, have provided all the warning I need to stay away from the stock.
But things may be about to change.