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18 Medical Stocks To Watch Amid The Coronavirus Outbreak

18 Medical Stocks To Watch Amid The Coronavirus Outbreak

Airlines, hotels, casinos and other stocks continue to fall as fear of the coronavirus grows worldwide and all but halts activity in the virus epicenter of Wuhan, China.

One sector, in particular, could profit from the outbreak. Editor's note: This list has been updated since it was originally published on Jan 23, 2020.

Alpha Pro Tech

Alpha Pro Tech, Ltd. (NYSE: APT) manufactures masks and protective apparel — goods already in high demand in China. Bulk orders are expected as the disease progresses.

Lakeland Industries

Lakeland Industries, Inc. (NASDAQ: LAKE) also produces protective clothes for high-risk workers, such as the medical professionals and public health officials exposing themselves to patients. Lakeland has historically surged during outbreaks and proved a favored supplier amid the Ebola outbreak.

See Also: A History Of Coronavirus Outbreaks And The Stock Market


Utah medtech company Co-Diagnostics Inc (NASDAQ: CODX) is developing a test for the new coronavirus strain. Chinese officials and fearful travel companies demonstrate high demand for accurate diagnostics, as fever has proven an unreliable indicator of disease.

Vir Biotech

The portfolio of Vir Biotechnology Inc (NASDAQ: VIR) includes an antibody for another coronavirus strain, but management is testing to determine efficacy on the Wuhan strain.

“We have a library of multiple fully-human mAbs that bind and neutralize coronaviruses such as SARS and MERS,” Chief Scientific Officer Herbert “Skip” Virgin said in a press release. “...Some of these mAbs are able to neutralize zoonotic coronaviruses, and we believe may have the potential to treat and prevent Wuhan coronavirus. We are also exploring the isolation of new mAbs specific for this virus.”


BioCryst Pharmaceuticals, Inc.'s (NASDAQ: BCRX) galidesivir is in a Phase 1 study for a range of viruses, including coronaviruses. The early stage of development may prohibit material contribution in the immediate outbreak, but BioCryst may be able to lend some useful data.


Inovio Pharmaceuticals Inc (NASDAQ: INO) is developing a vaccine to treat the MERS strain of coronavirus. While the drug has passed only Phase 1 benchmarks, management may be able to contribute its research toward the Wuhan coronavirus effort. It has already joined forces with the Coalition for Epidemic Preparedness Innovations toward this end.


Novavax, Inc. (NASDAQ: NVAX) has launched a program for the Wuhan-coronavirus vaccine. It already boasts success in vaccine development for the MERS and SARS strains.


NanoViricides Inc (NYSE: NNVC) produces nan-medicines to fight virus such as swine flu and bird flu. It also has early-stage programs for Dengue viruses and Ebola and once dabbled in a MERS candidate.

Cleveland BioLabs

Oncology pharmaceutical Cleveland BioLabs, Inc. (NASDAQ: CBLI) develops immune-receptor activators for vaccines targeting various types of infection. Its vaccine adjuvant is currently in Phase 1 trials.


Cerus Corporation (NASDAQ: CERS) uses proprietary technology to inactivate the SARS strain, and it's looking to adapt its approach to the novel Wuhan strain.


Moderna Inc (NASDAQ: MRNA) received new funding from vaccine alliance CEPI to accelerate its work on a coronavirus vaccine, and it has joined forces with the Coalition for Epidemic Preparedness Innovations on a vaccine approach.


Aethlon Medical, Inc. (NASDAQ: AEMD) treats viral infections with its hemopurifier. The product boosts immune defenses by capturing otherwise poorly-detected circulating viruses. It is presently in clinical studies.


AstraZeneca plc (NYSE: AZN) said it had plans in place for an event such as this, but it awaits direction from the World Health Organization before acting.

“It really looks like at this point it’s very contained,” AstraZeneca CEO Pascal Soriot told CNBC. “We have a very large presence in China — we’re the number one pharmaceutical company there, we employ 16,000 people — so as you would imagine it matters to us, we really care a lot and we’ll monitor this, but it really looks like it’s contained for the time being.”

Cocrystal Pharma

Cocrystal Pharma Inc (NASDAQ: COCP) has licensed a preclinical compound that it intends to develop into a coronavirus therapy. It claims all royalty rights to the antiviral drug.


Enlivex Therapeutics Ltd (NASDAQ: ENLV) has begun to ramp production of Allocetra in anticipation of coronavirus-related demand. The drug is an experimental treatment for sepsis-related organ failure — a condition with similar pathophysiology as COVID-19.

Beyond Air

Beyond Air Inc (NASDAQ: XAIR) is developing a nitric oxide (NO) generator to deliver NO to patients with lung infections. NO has anti-viral properties and, according to Beyond Air, has demonstrated effects against coronaviruses.

New Frontier

New Frontier Health Corp (NYSE: NFH) has prepared its seven hospitals and 18 clinics in China to care for COVID-19 patients. The Chinese government has designated New Frontier’s facilities as fever-screening centers.


Vaxart Inc (NASDAQ: VXRT) has initiated a coronavirus vaccine program using its proprietary oral-delivery platform.


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