In 2020, the worldwide biotechnology sector was worth $752.8 billion, and by 2030, it is expected to expand at a compound annual growth rate of 17% to $3.44 trillion. Users on Reddit are putting money into biotech startups all across the world. The company’s CEO says he’s excited about the field’s future. Many retail investors are keeping an eye on biotech stocks, which have performed well throughout the pandemic. Vertex Pharmaceuticals Incorporated and Biogen Inc. are two biotech equities that are attracting the interest of individual investors.
Insider Monkey looks at the 11 biotech stocks popular on Reddit. Nautilus Biotechnology, Inc. is a Seattle-based biotechnology company that investigates human proteomes for biomedical research and drug development. At the conclusion of the second quarter, the company had $449 million in cash and cash equivalents. Anavex Life Sciences Corp. is ranked 10th on Reddit’s list of 11 popular biotech stocks. The company works on Parkinson’s disease, Alzheimer’s disease, and Rett syndrome neurodegenerative treatments. After releasing results of a mouse experiment, its stock rose 13.5 percent in premarket trade on July 29. On Reddit, Ocugen, Inc. is ranked 9th out of 11 biotech stocks. The business creates gene therapy to treat visual loss caused by aging and diabetes. Bharat Biotech and Ocugen collaborated on the COVID-19 vaccine COVAXIN. On Reddit, Atossa Therapeutics, Inc. is ranked 8th out of 11 biotech stocks. Endoxifen, an ovarian and breast cancer oral medication, is being developed by the Seattle-based clinical-stage biopharma business. On Reddit, Bionano Genomics, Inc. is ranked 7th out of 11 biotech stocks. The Saphyr system, a genetic analysis instrument, is sold all over the world by the corporation. It has a $1.55 billion market capitalization. For more details, click 11 Biotech Stocks Popular On Reddit.
