Best Biotech Stocks Right Now

Looking for biotech stocks to diversify your portfolio? These companies may be worth investing in.

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Contributor, Benzinga
April 26, 2024

AbbVie (NYSE:ABBV)

AbbVie is a drug company with a strong exposure to immunology and oncology. The company’s top drug, Humira, represents close to half of the company’s current profits. The company was spun off from Abbott in early 2013. The recent acquisition of Allergan adds several new drugs in aesthetics and women’s health.

$159.6218
-7.6682[-4.58%]
Last update: 6:34PM (Delayed 15-Minutes)
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Open167.090Close159.620
Vol / Avg.10.722M / 5.597MMkt Cap282.634B
Day Range157.650 - 167.46052 Wk Range130.960 - 182.890

Immix Biopharma (NASDAQ:IMMX)

Immix Biopharma Inc is a clinical-stage biopharmaceutical company developing Tissue-Specific Therapeutics in oncology and inflammation. Its product candidate drug candidates to circulate in the bloodstream, exit through tumor blood vessels and simultaneously attack all components of the TME.

$2.03
-0.07[-3.33%]
Last update: 6:41PM (Delayed 15-Minutes)
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Open2.080Close2.130
Vol / Avg.84.843K / 263.761KMkt Cap53.585M
Day Range2.050 - 2.25052 Wk Range1.400 - 7.750

Johnson & Johnson (NYSE:JNJ)

Johnson & Johnson is the world’s largest and most diverse healthcare firm. Three divisions make up the firm: pharmaceutical, medical devices and diagnostics, and consumer. The drug and device groups represent close to 80% of sales and drive the majority of cash flows for the firm. The drug division focuses on the following therapeutic areas: immunology, oncology, neurology, pulmonary, cardiology, and metabolic diseases. The device segment focuses on orthopedics, surgery tools, vision care, and a few smaller areas. The last segment of consumer focuses on baby care, beauty, oral care, over-the-counter drugs, and women’s health. Geographically, just over half of total sales are generated in the United States.

$145.90
-0.92[-0.63%]
Last update: 6:00PM (Delayed 15-Minutes)
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Open146.700Close146.140
Vol / Avg.6.183M / 7.598MMkt Cap351.587B
Day Range145.950 - 147.17552 Wk Range143.130 - 175.970

Pfizer (NYSE:PFE)

Founded in 1849 and headquartered in New York, New York, Pfizer Inc. discovers, develops, manufactures, markets, distributes and sells biopharmaceutical products worldwide, offering medicines and vaccines in various therapeutic areas, including cardiovascular metabolic, migraine, women’s health, infectious diseases with unmet medical needs, COVID-19 prevention and treatment along with potential future mRNA and antiviral products under the Comirnaty and Paxlovid brands. Pfizer also provides medicines and vaccines in various therapeutic areas, amyloidosis, hemophilia, endocrine diseases, and sickle cell disease, sterile injectable and anti-infective medicines and biologics, small molecules, immunotherapies and biosimilars. Pfizer also maintains collaboration agreements with Bristol-Myers Squibb Company, Astellas Pharma US Inc., Myovant Sciences Ltd., Merck KGaA, Valneva SE, BioNTech SE and Arvinas, Inc.

$25.43
0.17[0.67%]
Last update: 7:50PM (Delayed 15-Minutes)
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Open25.330Close25.400
Vol / Avg.46.522M / 42.390MMkt Cap143.998B
Day Range25.200 - 25.54052 Wk Range25.230 - 40.365

uniQure (NASDAQ:QURE)

uniQure NV is a gene therapy company. It develops treatment and platforms for patients suffering from genetic and other devastating diseases. Its products and services are focused on hemophilia, Huntington’s disease, and cardiovascular diseases. The company is focused on the development of the pipeline of gene therapies with the collaboration of Bristol Myers Squibb for cardiovascular diseases.

$4.57
0.03[0.66%]
Last update: 5:52PM (Delayed 15-Minutes)
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Open4.550Close4.530
Vol / Avg.354.544K / 957.040KMkt Cap218.621M
Day Range4.450 - 4.62552 Wk Range4.350 - 22.480

Kiora Pharmaceuticals (NASDAQ:KPRX)

Kiora Pharmaceuticals Inc is a clinical-stage specialty pharmaceutical company. It focuses on developing and commercializing products for treating diseases and disorders of the eye. The products pipeline of the company includes KIO-101, KIO-201, KIO-301, and KIO-102.

$0.47
-0.01[-2.08%]
Last update: 4:07PM (Delayed 15-Minutes)
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Open0.470Close0.470
Vol / Avg.117.790K / 1.659MMkt Cap12.340M
Day Range0.470 - 0.50052 Wk Range0.451 - 5.250

Inozyme Pharma (NASDAQ:INZY)

Inozyme Pharma Inc is a rare disease biopharmaceutical company developing novel therapeutics for the treatment of diseases of abnormal mineralization impacting the vasculature, soft tissue and skeleton. The company is focused on developing a novel therapy to treat the rare genetic diseases of ENPP1 and ABCC6 deficiencies. Its product candidate, INZ-701, is a soluble, recombinant, or genetically engineered, fusion protein that is designed to correct a defect in the mineralization pathway caused by ENPP1 and ABCC6 deficiencies.

$4.44
0.11[2.54%]
Last update: 4:20PM (Delayed 15-Minutes)
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Open4.330Close4.440
Vol / Avg.511.357K / 678.543KMkt Cap274.268M
Day Range4.230 - 4.51052 Wk Range2.689 - 7.795

Quoin Pharmaceuticals (NASDAQ:QNRX)

Quoin Pharmaceuticals Ltd is a pharmaceutical company focused on developing and commercializing therapeutic products that treat rare and orphan diseases. Its pipeline comprises three products that collectively have the potential to target a broad number of rare and orphan indications, including Netherton Syndrome, Peeling Skin Syndrome, Palmoplantar Keratoderma, Epidermolysis Bullosa, and others.

$0.6318
0.0019[0.30%]
Last update: 6:38PM (Delayed 15-Minutes)
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Open0.630Close0.638
Vol / Avg.55.235K / 608.902KMkt Cap2.329M
Day Range0.603 - 0.65052 Wk Range0.604 - 110.419

Biotech stocks are in the eye of the storm as the world recovers from the global pandemic. Government institutions and professional traders are banking on biotech stocks to continually develop a vaccine and boosters that can eradicate COVID-19. 

Tilt your stock portfolio toward biotech companies now and you could stand to make substantial profits in the near future. 

You can also find cost-effective stocks under $20 to trade daily on the stock exchange. 

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Session: Apr 25, 2024 4:00PM EDT - Apr 26, 2024 3:59PM EDT

Overview: Biotech Stocks

Biotech companies are a subsector of healthcare stocks that primarily focus on developing new drugs and treatments for medical conditions, diseases and viruses. The stock value and growth potential of a biotech firm depend on the type of diseases it treats. This might also include the research that the firm does as it supports other companies, diseases or treatments.

For instance, a biotech firm working on breast cancer treatments, which has nearly 300,000 new cases in the U.S. each year, might be more valuable than a company that is developing drugs for Ogilvie's Syndrome, a rare disease that only affects 1%–3% of the population. 

Every new drug developed by biotech firms has to be submitted to the Food and Drug Association (FDA) for approval. Medical companies spend years developing a new drug but may fail to get it approved by the FDA. Some of these drugs will never hit the shelf of pharmaceuticals even after countless clinical trials. On the other hand, if a biotech company gets a new drug sanctioned by the FDA and the demand is high, the stock value can double or even triple overnight.  

Best Online Brokers for Biotech Stock

An online broker can help you trade biotech stocks with speed and precision. 

You can gain access to professional-level trading tools such as stock screens by opening an account on these platforms. Online brokers let you apply custom filters such as setting a price range to narrow down stocks under $10 within minutes. 

Explore these online brokers to get started today. 

Features to Look for in Biotech Stock

  • Earnings per share: You can determine the profitability of a company by its earnings per share (EPS). It is calculated by dividing the net income of the company by the total number of its outstanding shares.
  • Price-earnings ratio: The price-earnings ratio (P/E ratio) is calculated by dividing the current stock price by its EPS. Based on the P/E ratio, you can assess if a stock is undervalued or overvalued. The lower the P/E ratio of the stock, the better an investment it is. Generally, penny stocks under $5 have the lowest P/E ratios. 
  • Medical innovation: Biotech firms can spend years conducting clinical trials to test a new drug. Keep a constant watch on any news regarding medical breakthroughs and FDA approvals to make the most of your trade.   
  • Relevancy: Apart from medical innovation, you need to invest in stocks that are relevant—and continue to remain relevant. Research specifically what these companies do, drugs they’re working on, therapies that they have created and how those ideas remain in the headlines, even if the company is rather old.

Be Patient for Better Profits

Advanced medical technology has led to longer and more fulfilling lives. An investment in biotech stocks involves longer buy-and-hold periods, but if you are patient with your trades, you can strike gold when you least expect it. Remember, the biotech industry can shift very quickly, like during the COVID-19 pandemic. Be patient, do the research and don’t be afraid to exit positions that might not work well for you. Every industry shifts at different times, and that’s why patience is so critical for investors.

Frequently Asked Questions

Q

What is biotech?

A

Biotech is the area of biology that uses living processes, organisms and systems to manufacture products or technologies. Usually these products are intended to improve human life.

Q

Is biotech worth investing in?

A

Biotech can be a great long-term investment.

Q

What small biotech company did Jeff Bezos invest in?

A

Jeff Bezos invested in Altos Labs, which is a startup that concentrates on extending the human life.

 

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