3 Interesting Biotech Stocks for Q1 2021

The biotechnology industry is both time-consuming and expensive when it comes to research and development of products. This means that investors will often wait years before even knowing whether or not the new drug under development they have invested in will ever pay off. Some of the largest biotechnology companies in the world include Amgen Inc. (AMGN), Biogen Inc. (BIIB) and Regeneron Pharmaceuticals (REGN). With Covid-19 causing a modern day gold rush (but with vaccines) biotech stocks have shown attractive returns.

Here are the top 3 stocks to keep an eye on in 2021.

Novavax Inc. (NVAX)

This clinical-stage biotech company based in Maryland focuses on vaccines that address a wide range of infectious diseases. Novavax is responsible for the discovery, development and the commercialization of these vaccines. The firms vaccine candidates currently include the likes of ResVax and NanoFlu.

With 2021 revenue forecasts expected to increase 181% year on year. This stock has potential.

Trading price as of Feb 2021: $289.76

BioMarin Pharmaceutical Inc. (BMRN)

BioMarin Pharmaceutical Inc., engages in the development and commercialization of therapies for individuals with serious, life-threatening rare diseases and medical conditions. Currently looking to treat diseases such as Achondroplasia and Hemophilia A. This California based company has shown some incredible rate of growth in 2021 having one of the highest YOY earnings per share.

Trading Price as of Feb 2021: $87.04

Catalyst Pharmaceuticals Inc. (CPRX)

This Florida-based biopharma company develops and commercializes therapies for debilitating neurological and neuromuscular diseases. For Q3 is 2020 they reported a 5.1% YOY decline in total revenue and a 218.0% YOY increases in net income. However, these net income gains were primarily driven by a one-time benefit from a deferred tax asset.

Trading price as of Feb 2021: $4.200

The comments, opinions and analyses expressed in this article is for information purposes only and should not be considered as investment advice or recommendations. All facts and prices stated correct as of the date and time this article was posted. Biotech10 declares no responsibility of any losses.

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