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What Are The Best Biotech Stocks To Watch Before Friday? 3 To Know

Are These Biotech Stocks Worth The Attention Now?

Looking For Top Biotech Stocks To Watch This Week?

Investors seeking out high growth in their investments will often turn to biotech stocks. The boom in the biotechnology industry in recent decades built on the increasing understanding we have on biology. For this reason, investors have been looking for the best biotech stocks to buy. This came as the sector turned out to become one of the most exciting growth plays in the stock market today.  

Why are biotech stocks so popular among investors? It could be because they could offer some of the biggest rewards in the stock market. Many overnight breakouts come from biotech stocks. Just be prepared for big risk, too. Because unlike many companies that can slowly but steadily build up their business over time, the survival of many early-stage biotech companies hinges on just a few clinical trials. Should their drug gain approval, it would mean many years of revenue for the company. Therefore, any positive news of clinical trials can produce outsized returns for share prices. However, drug failures will send prices plummeting.

While it’s impossible for average investors to keep track of the development of a particular drug, investors could give themselves a small leg up by paying attention to what the analysts are speculating. If you find a biotech stock that’s mostly surrounded by bulls, that could signal that something rewarding is just around the corner. We know it’s hard or practically impossible to find the next Novavax (NVAX Stock Report) or Moderna (MRNA Stock Report), which generated enormous returns for their investors. That said, could these smaller-cap biotech stocks have a shot by following in their footsteps?

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Best Biotech Stocks To Buy Now [Or Avoid]: Inovio Pharmaceuticals

Inovio Pharmaceuticals (INO Stock Report) stocks were up on Tuesday by 20.41% on an unusually high volume. While there wasn’t any groundbreaking news that sent the shares up in a double-digit percentage gain, the rally could have been a result of Dr. Joseph’s Kim’s presentation on H.C. Wainwright 22nd Annual Global Investment Conference that led investors bidding for INO stock.

Of course, investors want to see Inovio succeed in the upcoming clinical trials for its COVID-19 vaccine candidate. Now, the company’s other weapon is the immunotherapy candidate VGX-3100. Inovio is currently evaluating the candidate in two phase 3 clinical studies as a potential treatment for human papillomavirus (HPV)-related precancerous cervical dysplasia, also known as high-grade squamous intraepithelial lesions (HSIL).

There currently aren’t any drugs approved by the Food and Drug Administration for treating cervical dysplasia. As such, should the phase 3 trials be successful in the fourth quarter, it could be a huge valued driver to the company. If it receives approval, the drug could generate peak annual sales of more than $600 million. With that in mind, INO stock certainly isn’t a one-trick pony.

Best Biotech Stocks To Buy Now [Or Avoid]: Vir Biotechnology

Another biggest winner among biotech stock this year has been Vir Biotechnology (VIR Stock Report). The company has partnered with pharmaceutical giant GlaxoSmithKline (GSK Stock Report) to develop its COVID-19 programs. Vir currently has two antibody treatments and a small interfering RNA treatment against COVID-19 in its pipeline. One of its antibody treatments VIR-7831 is in phase 2/3 clinical trials. Should the trial results be positive, this antibody candidate could be made available first under the Emergency Use Authorization (EUA) from the FDA in the early months of 2021. There’s a strong potential for Vir’s pipeline.

But investors should also bear in mind that there are already coronavirus treatments on the market. These include Gilead’s (GILD Stock Report) remdesivir, dexamethasone, or convalescent plasma therapy.

Vir’s hepatitis B pipeline is facing similar problems. Although its treatment candidates are well into phase 2 trials, commercial feasibility remains to be seen. Large pharmaceutical company Johnson & Johnson (JNJ Stock Report) is also developing a treatment for hepatitis B. This would significantly affect the company’s pricing power in the event of its drug’s approval. With all that in mind, it could be hard for investors to justify its existing valuation with its shaky pipeline.

[Read More] Are These The Best Biotech Stocks To Buy In September 2020?

Best Biotech Stocks To Buy Now [Or Avoid]: Sorrento Therapeutics 

For investors who have been paying close attention to COVID-19 plays, you have probably come across Sorrento Therapeutics (SRNE Stock Report). The company has had a massive rally, rising more than 1000% before plunging more than 60% from its peak on 10 August. Sure, there have been plenty of good weeks so far this year. 

As of late July, the company said it had licensed a test from Columbia University. The new coronavirus test reportedly detected the COVID-19 in little as 30 minutes using saliva samples rather than unpleasant nasal swabs. The company is marketing the test under the name COVI-TRACE. This news contributed to another rally in Sorrento’s stock price in August. However, the party quickly faded.

The reality is that the viability of some of the COVID-19 treatments, vaccines, and tests in the market is in question. With investors exercising additional concern after the earlier rally, some correction in the stock price is inevitable. Nevertheless, SRNE stock certainly appears more attractive at this current price. Of course, this is still a high-risk opportunity that could swing in either direction.

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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