Shares of U.S. biotech firm Exact Sciences have surged by almost 90% this year.
But the run may not be over just yet, according to fund manager Dani Saurymper.
Earlier this week it said its next-generation screening test, Cologuard 2.0, showed a 30% lower false positive rate for detecting the disease in a study compared to its already approved test.
This is where Exact Sciences fits in.
Saurymper believes that the stock has corrected and has a significant runway ahead.
Persons:
Dani Saurymper, Saurymper, CNBC's, EXAS, Kyle Mikson, Canaccord Genuity, CNBC's Arabile, it's
Organizations:
Sciences, Nasdaq, Companies, FDA