I proposed AKAO afew days ago but due to a jump from 2.85 to 5.70, I sold just above 5.
Another flying unde rthe radar biotech you should check is QLT.TO, traded as QLTI in NASDAQ.
QLTI trades around 1.55 USD while its cash is 2.00 USD per share..!
Three institutionals have bought shares of QLTI lately, Tiger Legatus Capital Management, LLC, BVF INC, and Healthcare Value Capital, LLC.
The company has a management team which was very active in the recent past in M&A.
It has a pipeline with its lead product ready for Phase III. Mark thar it is an orphan drug designation awarded product.
With more than 2 USD cash, buying shares until this level means that you buy all the other QLT assets for free...