SPECIAL REPORT The Top 7 Stocks for 2024

3 Biotech Stocks That Could Be Multibaggers in the Making


  • Navigate the future of healthcare stocks by investing in the biotech boom.
  • Crispr Therapeutics (CRSP): With the FDA’s positive advisory vote for its sickle cell treatment, CRISPR stands on the brink of revolutionizing gene therapy.
  • Arcellx (ACLX): Arcellx’s CART-ddBCMA shows remarkable efficacy against multiple myeloma.
  • Vertex (VRTX): Vertex’s innovative non-opioid pain medication and its strides in CRISPR/Cas9 therapy for sickle cell anemia spotlight its transformative healthcare potential.
biotech stocks - 3 Biotech Stocks That Could Be Multibaggers in the Making

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In the dynamic realm of modern medicine, biotech stocks have effectively emerged at the forefront of a transformation. These innovative players are steering us towards a new era of medical marvels with precision and personalization. However, the path to revolutionizing healthcare is not without its challenges. Many of the top firms possess invaluable intellectual property and still struggle to generate sales.

Yet waiting for biotech stocks to blossom fully means missing out on substantial gains. Predicting the victor in this field is similar to finding a needle in a haystack. That said, there’s wisdom in casting a wider net. Investing across the spectrum increases the odds of striking gold. Even a single triumph can offset a myriad of setbacks. Now is the time to explore these opportunities before the market fully recognizes their incredible potential.

Crispr Therapeutics (CRSP)

the CRISPR Therapeutics (CRSP) logo seen displayed on a smartphone
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Crispr Therapeutics (NASDAQ:CRSP) is on the cusp of a groundbreaking moment. With the U.S. Food and Drug Administration’s advisory vote’s nod of approval for its innovative sickle cell disease treatment, the optimism remains high for the final FDA decision. The advisory panel’s minimal safety concerns and the therapy’s impressive efficacy in trials hint at a potential game-changer for patients. All eyes are now on the Dec. 9 Prescription Drug User Fee Act (PDFUA) date, marking a critical moment for CRISPR’s future.

Standing distinct in the biotech landscape, CRISPR Therapeutics shines with its gene editing capabilities. Despite the weight of regulatory scrutiny and the cost of intensive research and development (R&D), the company’s pioneering technology is likely to redefine healthcare. The anticipation is building with the FDA’s critical review of the sickle cell therapy exa-cel looming on Dec. 8.

Arcellx (ACLX)

OLK Stock. Modern Medical Research Laboratory: Two Scientists Wearing Face Masks use Microscope, Analyse Sample in Petri Dish, Talk. Advanced Scientific Lab for Medicine, Biotechnology. Blue Color. KZR stock. RSLS stock
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Arcellx (NASDAQ:ACLX) is revolutionizing the battle against multiple myeloma, a common blood cancer, through offering its innovative CAR T-based treatment, CART-ddBCMA. The treatment has shown incredible promise in a Phase 1 study, where all 38 patients treated with CART-ddBCMA experienced improving conditions. Impressively, 71% of these patients exhibited no trace of cancer post-treatment, with the breakthrough placing the firm in a spotlight of high expectations.

December marked a major alliance between Arcellx and Gilead (NASDAQ:GILD), signaling robust industry confidence in CART-ddBCMA’s future. This partnership, forged in the wake of impressive clinical data, saw Gilead investing massively in Arcellx, with $225 million in cash and a $100 million stock purchase. Moreover, Arcellx’s recent earnings report shows a power foundation boasting $304 million in cash and equivalents plus $204 million in marketable securities.

Vertex (VRTX)

Vertex Pharmaceuticals (VRTX) logo visible on display screen
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Vertex (NASDAQ:VRTX) remains at the forefront of a medical revolution thanks to its trailblazing, non-addictive, non-opioid pain medication, VX-548. As the world grapples with the challenges of addiction and the negative effects linked with typical pain medications, VX-548 emerges as a beacon of hope. Its unique mechanism, blocking sodium channels responsible for pain sensation, promises effective pain relief without the addiction risk.

Beyond pain management, Vertex’s visionary approach extends to curative therapies for chronic diseases. Their work on a CRISPR/Cas9 therapy aimed at curing sickle cell anemia exemplifies this. This focus on transforming treatments into cures positions the company as a game-changer in healthcare. With multiple clinical trials concluding in 2024, Vertex is not just treating diseases. Still, it is on the verge of providing transformative care, starkly contrasting the temporary solutions many offer. The company’s commitment to groundbreaking science and transformative therapies makes the company a long-term compelling addition to any investment portfolio.

On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines

Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor’s of science degree in applied accounting from Oxford Brookes University.

Article printed from InvestorPlace Media, https://investorplace.com/2023/11/3-biotech-stocks-that-could-be-multibaggers-in-the-making/.

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