Best biotech stocks to buy now: 12 Best Biotech Stocks To Buy Under $20

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Check out this article, where Polen Capital Management mentioned that Regeneron was their largest absolute detractor in the third quarter. That’s because the stock’s dividend payout ratio will be 37.6% in 2022. Given this need, we estimate the U.S. fall 2023 COVID market volume to be approximately 100 million doses. We base this assumption after looking at 2022 vaccination rates and including potential recommendation for two-dose booster series for high risk individuals. Taken together, the doses administered represent roughly 30% of the U.S. population.

Basically, these are the best stocks under $10 to buy according to hedge funds. We also talked about analysts’ ratings, long-term growth potential, and fundamentals while discussing these stocks. Currently, the political climate is favorable for the biotech industry. In the US, the largest drug market in the world, the recently approved Inflation Reduction Act in Washington will not impose any price caps on cutting-edge medications. This encourages innovation and stimulates big pharma’s interest in appealing biotech firms.

The safest biotech investments are focused on more than just a few experimental drugs. Vertex, which makes multiple cystic fibrosis drugs, enjoys a near-total monopoly over sales of treatments for the underlying cause of CF. Its newest drug, a combination of the two CF drugs Trikafta and Kaftrio, could expand Vertex’s addressable cystic fibrosis patient population by more than 50%. The company’s pipeline also includes other promising CF drugs in phase 2 testing. AXS-07 targets the treatment of migraines, and the FDA is scheduled to make an approval decision on the investigational drug in 2022. In 2023, Axsome expects to file for U.S. regulatory approval of AXS-14 for treating fibromyalgia.

Also, the company’s non-GAAP net income rose 25.9% year-over-year to $978 million, and its non-GAAP EPS came in at $3.76, up 24.5% year-over-year. CRSP) entered a new non-exclusive licensing agreement to use CRSP’s gene editing technology, CRISPR/Cas9, to accelerate the development of VRTX’s hypoimmune cell therapies for type 1 diabetes . And with a late-stage pipeline of 106 projects, Merck boasts a diversified drug portfolio of tomorrow. This is why analysts are projecting 11.6% annual earnings growth for the next five years. But at a forward price-to-earnings (P/E) ratio of 14.1, the stock is trading at a similar valuation to the 13.4 forward P/E ratio of its pharmaceutical peers. That’s why Amgen looks like a buy for dividend growth investors at the current $246 share price.

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Moreover, the growing need for breakthroughs amid the rising prevalence of chronic best biotech stocks to buy now and a worldwide aging population created numerous opportunities for the industry. In a recent article, we defined the difference between a pure pharmaceutical company and a biotech company. Please see the 15 largest Biotech companies in the world based on market capacity and revenue for details.


ALX Oncology is one of a number of companies that has developed a method to block the signal so the immune system can do its job. In all of 2021, REGN had $16.1 billion in revenue, an 89% increase over 2020. Without its coronavirus treatment, revenue growth would have been 19%. For fiscal 2022, analysts are forecasting $11.7 billion in revenue, though the company is expected to return to growth in 2023. Included in this score is a Growth Grade of B amid expectations for double-digit earnings and revenue growth over the next couple of years. Check out the complete POWR Ratings for HRMY, including a deeper dive into its component scores.

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These security offerings are generally very dilutive to the existing shareholders. Unfortunately, market participants looking at the financials won’t find much comfort there either. As with other aspirational biotech stocks to buy, Beam suffers from negative profit margins. In addition, its Altman Z-Score pings at 1.25, indicating distress. Still, despite the lackluster print, Wall Street analysts peg BEAM as a consensus moderate buy.


According to the Nasdaq Biotech Index , the sector recovered almost 30% from that low between mid-June and mid-August; however, the upward trend has since slightly slowed. The industry prognosis is nonetheless optimistic for the remainder of the current year and the following year. This is because many biotech companies are in strong financial and strategic positions.

And adjusted earnings jumped 16% from the year prior to a record $1.88 per share. It also announced a $400 million share buyback and achieved a milestone with revenues exceeding $1 billion on a trailing twelve-month basis. Last year, BIIB reported an 18% decline in revenue to $11.0 billion – due in part to Tecfidera’s expiring patent.

All net sales from Eylea in the U.S. are awarded to Regeneron, and the company splits with Bayer the revenue earned from markets outside the U.S. Based on search growth, funding activity, and the innovative nature of their work, these 44 biotech startups should be on your radar in 2023. For example, a number of the startups are focused on providing better, more effective, more targeted treatments for human diseases, or providing treatments for under-addressed conditions. Protera uses their knowledge and research into proteins to develop ingredients for a variety of food and agricultural uses. Some of their ingredients include Protera Guard, which can lengthen the shelf life of food, and Protera Sense, a healthy oil alternative that replaces trans fatty acids. Investors in Protera include venture capital firms Sofinnova Partners and SOSV.

Best Biotech Stocks to Buy Right Now

During the third quarter of 2020, ALNY reported global net product revenue of $82.5 million, including over 20% quarterly US growth, with more than 1,150 patients on commercial products worldwide. On top of these dilutive security offerings, there are no guarantees that the research undertaken by these biotech companies will bear fruit. In fact, only around 10% of experimental drugs manage to get FDA’s approval.

During the third quarter of 2020, Amgen reported total revenue of $6.4 billion, a 12% increase in comparison to the third quarter of 2019. This explains how Amgen’s revenue grew 5.7% year over year in the first quarter to $6.2 billion. And aside from the company’s current drug portfolio, Amgen has 38 compounds in different stages of clinical trials. These compounds are spread across such therapeutic areas as oncology, inflammation, and bone. That’s why analysts believe Amgen will generate 7.1% annual earnings growth through the next five years.

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Capstan Therapeutics is a biotech startup focused on developing therapies for cancer and other serious diseases. Capstan’s lead drug candidate is currently in preclinical development for the treatment of multiple myeloma, a type of blood cancer. According to Grand View Research, the global biotechnology industry is estimated to reach $727.1 billion by 2025 and at a CAGR of 7.4%. The best large-cap biotech stocks not only capture a large percentage of these sales, they also have a lot of potential blockbuster drug candidates in their pipelines.

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However, in the trailing year, it gained a stratospheric 50% – actually a little bit over at the time of writing. Here, the balance sheet prints a below-average strength level, with an Altman Z-Score of 0.49 technically indicating distress. The NIH has requested its largest budget yet, and biotech laboratory suppliers are set to be prime beneficiaries. Jaimini Desai has been a financial writer and reporter for nearly a decade.

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Biopharmaceutical company GILD discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. Scarce capital is prompting layoffs and shutdowns across the industry. Past vaccine trials have tended to concentrate on older patients since that age group was the most vulnerable to the coronavirus. That it will be partnering with Sanofi to develop a new flu vaccine facility outside of Toronto.

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Merck’s quality and valuation make it a dividend stock that you can buy now and forget. Amgen and Merck each have enviable product portfolios and pipelines. That it remains optimistic that Seagen shares will pick up after witnessing a slight slump.

The COVID-19 pandemic has also created massive opportunities for biotechnology companies that are developing treatments and vaccines for the virus. REGN ranks 8th in our list of the best large-cap biotech stocks to buy now. Regeneron Pharmaceuticals, Inc. is one of the leading biotechnology companies using the power of science to invent life-transforming medicines for people with serious diseases. During the third quarter of 2020, REGN announced total revenue increased by 32% to $2.294 billion in the third quarter of 2020 compared to $1.744 billion in the third quarter of 2019. We started off by identifying the most popular biotech stocks among the 943 hedge funds tracked by Insider Monkey as of the end of the fourth quarter of 2022. Then, their share price was determined and the top twelve picks under $20 are listed below.

  • Then, their share price was determined and the top twelve picks under $20 are listed below.
  • Also, its three-year book growth rate pings at 15.6%, outpacing nearly 66% of its rivals.
  • In its fourth quarter, Amphastar’s sales jumped 12% and adjusted earnings surged 74%.

Aegle Therapeutics is working on a treatment for a rare childhood disorder that causes fragile and easily-blistered skin. Their method is “cell-free,” aiming to leverage the revitalizing effects of stem cells while being safer and less-expensive and without actually using stem cells. The FDA cleared Aegle’s drug candidate in 2019, and it is expected to enter the clinic in the first quarter of 2021. Hexagon aims to use an understanding of how small molecules target illness-causing proteins to develop effective treatments. In the past year, Pfizer-BioNTech, Moderna, and other biotechnology companies released life-saving, effective vaccines to combat COVID-19.

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Metagenomi is a biotech startup that leverages CRISPR-Cas3 technology to develop gene editing solutions for the treatment of genetic diseases. Their platform is designed to target specific genetic mutations at the DNA level, with the potential to treat a range of disorders including inherited metabolic diseases and cancer. The company is focused on advancing preclinical research and developing partnerships with industry leaders to accelerate the development of their innovative therapies.

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