Categories
Biotech Stocks Featured Investing Stock Market News Stock Market Today Stocks to Watch

Top Stocks To Invest In Now? 4 Biotech Stocks To Watch

These biotech stocks are trending right now, should investors pay attention to them?

Best Biotech Stocks To Buy [Or Sell] In The Stock Market Today

Biotech stocks are on many investors’ radar these days and for good reason. Given how these stocks are usually more sheltered from global events like economic uncertainty and a pandemic, it starts to be clear why investors have flocked to top biotech stocks in the last few months. Also, we could be living in the golden age of biotechnology according to some experts. With so many new treatments and drugs being pushed out every other week, the biotech sector is still booming. The research and development of these products, however, is a series of expensive, time-consuming, and rigorous testing processes. This would mean that investors of biotech stocks may have to wait for months and years before knowing if their investments paid off. You could say that the stakes are higher compared to other industries. 

Novavax (NASDAQ: NVAX) is one example of a biotech stock that has skyrocketed over the last year. Novavax is a vaccine development company that had reported impressive efficacy results back in January. The company expects to receive U.S. Food and Drug Administration (FDA) approval for its coronavirus vaccine as early as May. This could potentially make it the fourth company to receive FDA emergency use authorization after Moderna (NASDAQ: MRNA), Pfizer (NYSE: PFE), and Johnson & Johnson (NYSE: JNJ). Given the excitement surrounding these biotech stocks, will this list of top biotech stocks be worth adding to your portfolio?

Top Biotech Stocks To Watch Right Now

KemPharm Inc.

KemPharm is a clinical-stage specialty pharmaceutical company engaged in the development of proprietary prodrugs that are designed to be improved versions of widely prescribed, approved drugs. Through its Ligand Activated Therapy technology, it creates prodrugs that are new molecules in order to improve one or more of the attributes of approved drugs. The company’s share price spiked by over 70% on today’s opening bell and is currently closed Wednesday’s trading day at $13.66. What has fuelled such a rally?

Source: TD Ameritrade TOS

This seems to be coming from the company announcing that it had received FDA approval for Azstarys, a new once-daily treatment for attention deficit hyperactivity disorder (ADHD) in patients age six years and older. The approval also triggers a regulatory milestone payment under KemPharm’s licensing agreement with Corium, which expects to make Azstarys commercially available in the U.S. as early as the second half of this year. That milestone payment, together with sales milestone payments, could be worth up to $468 million for the company. Given the excitement surrounding KemPharm, will you buy KMPH stock?

Read More

Ocugen Inc.

Another biotech company making waves now would be Ocugen. In brief, it is a biopharmaceutical company that focuses on discovering, developing, and commercializing gene therapies. Its developmental pipeline consists of treatments for blindness diseases, and recently, COVID-19. On that note, OCGN stock has been on a tear, tripling in value since news broke of the company’s partnership with vaccine developer Bharat Biotech. To summarize, Ocugen entered a definitive agreement to co-develop and commercialize Bharat Biotech’s COVID-19 vaccine in the U.S. The aforementioned vaccine is known as COVAXIN. I could see its current run continuing as the duo just released new interim data on their vaccine candidate.

Source: TD Ameritrade TOS

Namely, COVAXIN demonstrated an efficacy of 81% in its Phase 3 clinical trials in India. According to Ocugen CEO Dr. Shankar Musunuri, the results suggest significant effectiveness against the emerging U.K. variant as well. This is fantastic news for both the company and investors. On one hand, its vaccine covers yet another critical factor by being able to fend off the emerging U.K. mutation of the virus. On the other hand, this marks another step towards regulatory approval in the U.S. Understandably, investors would be keen to jump on OCGN stock. Should things go as planned, could Ocugen become the next big vaccine stock to buy? Your guess is as good as mine.

[Read More] Could ChargePoint (CHPT) Stock Supercharge Your Portfolio In 2021 & Beyond?

Heat Biologics Inc.

Heat Biologics is a biotech company that focuses on the field of immunotherapy. In detail, the company’s proprietary gp96 platform activates the human immune system to combat cancer and infectious disease. It is developing a robust pipeline of first-in-class products that activate and modulate the immune system. The company’s share price has rallied by over 10% today after receiving a stock upgrade from Cantor Fitzgerald. HTBX stock currently trades at $8.58 as of Wednesday’s closing bell.

Source: TD Ameritrade TOS

Analyst Kristen Kluska had initiated coverage on Heat Biologics with an ‘Overweight’ rating and a $22 price target. Furthermore, Kluska cites recent positive data in Heat Biologics’ HS-110. HS-110 is an “off-the-shelf” allogeneic cell-based therapy designed to activate the patients’ immune system against multiple cancer-testis antigens to elicit a diverse and robust immune response against tumor cells. This data highlights the strength of the company’s immunotherapy platforms. Additionally, along with the other 3 candidates that the company is currently working on holds a lot of promise for solid tumor treatment. For these reasons, would you say that HTBX stock is worth buying?

[Read More] Is Apple (AAPL) Stock A Buy As It Remains Berkshire Hathaway’s Biggest Holding?

Maravai LifeSciences Holdings Inc.

Maravai is a life science company that enables the development of drug therapies, diagnostics, vaccines, and support research on human diseases. From inventive startups to many of the world’s leading diagnostics and gene therapy companies, customers turn to Maravai to address their complex discovery challenges and help them streamline and scale from research through clinical trials to commercialization. MRVI shares have been up by almost 20% since the start of the week. This rally seems to be coming from its impressive fourth-quarter results yesterday.

Source: TD Ameritrade TOS

In it, Maravai reported a revenue of $98.4 million for the fourth quarter, representing a 173.5% increase year-over-year. During this quarter, the company also expanded its IP portfolio with a third U.S. patent granted for CleanCap technology for the co-transcriptional capping of messenger RNA (mRNA). CleanCap will simplify mRNA manufacturing by removing additional enzymatic steps, resulting in high capping efficiency and improved yields over traditional co-transcriptional capping methods. Given all of this, will you consider MRVI stock as a top biotech stock to buy?

By Josh Dylan

Josh Dylan is an active contributor to StockMarket.com. His forte is in geosocial events and emerging trends in the stock market today. As an active contributor to other financial outlets like MarijuanaStocks.com, his ability to study current events and determine the potential market reaction is what sets him apart from other writers.

After studying at UC Santa Cruz and earning a bachelor's of art and art history, Josh also went on to start his own business in art resale. Identifying underserved niches like this has allowed him to think outside the box when it comes to applying this approach to the stock market.

His new-age take on social media and branding gave Josh the foresight to apply certain lifestyle trends to market moving topics. This has included the recent trend in the cannabis industry and marijuana stocks as well as following emerging technology such as artificial learning and web-bots. Fundamentals are just as important as momentum in Josh’s opinion. Being able to understand how to apply popular trends to investing is of major importance. If the price of oil is sinking but the price of gold is following along, we want to understand why, not just follow the broader trend.

Josh Dylan makes it a point to not only mention what hot “today” but also find ways to apply that to find future opportunity in the stock market. What’s more is that Josh has become an active part in the StockMarket.com social media team. He works to delivery top research not only one StockMarket.com but also bring it to the readers, directly.

By studying the macro-economic events in the market, Josh makes sure to find events that could shift micro-economic trends. He prides himself on taking a unique approach to information but not taking things for “face value”. When it comes to the stock market, things can change at a moment’s notice and Josh makes sure to stay ahead of that with sound research and diligence. When Josh isn’t writing about the stock market, he enjoys spending time with his family and surfing. He currently calls Southern California his home.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments