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Top Biotech Stocks To Watch In October 2021

These top biotech stocks could stand to gain from the current focus on vaccines.

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The broader stock market continues to face concerns about the economy and rising bond yields. As a result, I could see some investors turning toward the top biotech stocks in the market now. For the most part, this would be thanks to the constant attention on the industry throughout the current pandemic. After all, biotech companies are the ones behind the life-saving vaccines we employ across the globe today. While high-growth tech stocks are mostly taking a breather amid a surge in Treasury yields, biotech stocks could present an interesting opportunity for investors.

On that note, the current rollout of vaccine booster shots is well underway. According to White House coronavirus response coordinator Jeff Zients, over 400,000 Americans received booster shots over the weekend. This would continue to highlight the relevance of companies such as Pfizer (NYSE: PFE) and BioNTech (NASDAQ: BNTX) now. Adding to that, Pfizer CEO Albert Bourla recently provided an update about living with Covid in the long run. According to Bourla, we could return to normalcy within a year, albeit with annual Covid shots. Given the flu-like nature of the virus, this would not be unheard of.

Not to mention, Pfizer is also currently working on developing an mRNA-based flu vaccine. The likes of which are now undergoing clinical trials. Through the same tech from its coronavirus vaccine, Pfizer seems keen on addressing this long-term global health care issue. Aside from these companies, there are plenty of other biotech firms hard at work in the industry now. With that said, here are three making waves in the stock market today.

Top Biotech Stocks To Watch Right Now

Sanofi

To begin with, we will be taking a look at Sanofi. In brief, it is a French multinational pharmaceutical firm. The company is among the largest pharmaceutical businesses in the world in terms of prescription sales. Regarding its developmental pipeline, Sanofi is currently developing treatments for a wide selection of fields in the health care industry. This includes immunology & inflammation, oncology, rare blood disorders, neurology, and vaccines among other areas. As such, SNY stock could be worth noting among the top biotech stocks now.

If anything, Sanofi appears to be kicking into high gear on the operational front. Yesterday, the company announced positive results from clinical trials of its own mRNA-based Covid vaccine. Namely, data from the studies suggest that Sanofi’s mRNA vaccine development tech is effective and viable. Moving forward, the company is aiming to redirect these findings towards building its mRNA development team against other diseases. According to Global Head of Research at Sanofi, Jean-Francois Toussaint, this will include work on a vaccine flu starting in 2022.

Moreover, the company also provided a notable update on its ongoing partnership with GlaxoSmithKline (NYSE: GSK). The duo are actively working on an adjuvanted recombinant protein candidate vaccine. Sanofi is expanding this study to include research on applications towards broader public health sectors as well. Would all of this make SNY stock a top stock to watch for you?

Source: TD Ameritrade TOS

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Merck & Company

Another name to consider in the biotech stock trade this week would be Merck & Company. Similar to our previous entry, Merck is another multinational pharmaceutical company to know now. Given its extensive experience in developing treatments for over a century, Merck is no newcomer to the biotech game. In fact, it is a leading name in the global biotech industry now. This is evident given its work with diseases such as cancer, HIV, and Ebola. Accordingly, investors could be looking at MRK stock now because of all this.

Despite its current momentum, Merck does not appear to be slowing down anytime soon. For starters, the company announced significantly positive results from clinical trials of its hepatocellular carcinoma (HC) drug, KEYTRUDA. In its Phase 3 study, Merck found that the treatment showed “statistically significant improvement” in the overall survival of patients versus a placebo group. Ideally, this would bring Merck another step closer to market. This would be crucial given that HC has “one of the highest mortality rates” among solid cancers, according to Merck VP of clinical research, Dr. Scot Ebbinghaus. Moving forward, Dr. Ebbinghaus notes that Merck is eager to engage with regulatory authorities soon.

Additionally, news broke yesterday regarding the company’s ongoing talks to acquire Acceleron Pharma (NASDAQ: XLRN). Should things go as planned, Acceleron’s FDA-approved anemia treatment would significantly bolster Merck’s rare disease portfolio. Based on The Wall Street Journal sources, the deal could value Accleron at around $11 billion and could be finalized this week. All things considered, will you be adding MRK stock to your watchlist?

Source: TD Ameritrade TOS

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Sonoma Pharmaceuticals Inc.

Following that, we have Sonoma Pharmaceuticals. In essence, Sonoma is an upcoming player in the global health care industry today. The company is mainly known for its work in developing stabilized hypochlorous acid (HOCl) products. According to Sonoma, said products boast a range of applications. This includes but is not limited to wound care, eye care, nasal & oral care, and disinfectant use. For a sense of scale, Sonoma’s wares are marketed in 54 countries across the globe now.

Thanks to the company’s latest announcement, SNOA stock seems to be gaining traction in the stock market. Evidently, SNOA stock skyrocketed by over 30% during intraday trading yesterday. In detail, Sonoma launched its first over-the-counter products in the U.S. These are its Regenacyn scar gel and Ocucyn eyelid cleanser. Notably, the company is now partnering up with e-commerce giant Amazon (NASDAQ: AMZN) to accomplish this. Furthermore, the company is also launching another product on Amazon sites in Europe as well.

Overall, CEO Amy Trombly had this to say, “We could not be more excited about making our safe and effective products available directly to consumers through Amazon. We look forward to offering our clinically proven and patented Microcyn® Technology to a wider range of patients for advanced scar management, eyelid & eyelash hygiene, and personal protection spray for the face and skin.” With this development, some would argue that SNOA stock could have more room to grow moving forward. Would you agree?

Source: TD Ameritrade TOS

By Amos C

Amos is the global markets correspondent for StockMarket.com. His boots on the ground insight into emerging markets has given him the unique ability to stay ahead of new market trends and deliver timely data when it matters most. Based in Asia, Amos has made a point to monitor the foreign markets closely, dissect stock market trends and then apply them to the North American markets; in addition to global markets.

Amos has a deep-rooted background in foreign exchange and commodities. His previous experience working within the cryptocurrency arena has given him the advantage to identify the fast-moving stock market and financial trends. Amos calls Hong Kong home and has been a financial content writer for the last 3 years.

He has managed teams of international media strategists and financial writers to cover all top stories in the stock market each day. His skills include his tireless drive to find the most valid information and actionable details that investors can use to formulate valid decisions on stocks to buy or stocks to avoid. Furthermore, Amos’ ability to cover trending stories across the globe brings StockMarket.com a fresh perspective on key data and how it not only affects the North American markets but also how it could translate to the world markets alike.

Most of the time you can find him diving into corporate filings, focusing on fundamentals that could influence major market moves. One of his passions is researching technology and biotechnology stocks. Some of the most cutting-edge innovations have stemmed from these industries. While many don’t become industry blockbusters, the processes and applications of these innovations has led to some of the biggest developments known to man in the modern age. As a global correspondent, Amos has been able to see both sides of the story as it relates to world news and offers a true, personal approach, cutting through the noise of the mass media. He was integral in reporting on the Hong Kong uprising and doing first-hand research on international sentiment from the novel coronavirus.

In his free time, Amos is an avid fan of music and art and enjoys attending concerts.

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