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Best Biotech Stocks to Buy Now (2024)
Top biotech stocks in 2024 ranked by overall Zen Score. See the best biotech stocks to buy now, according to analyst forecasts for the biotechnology industry.

Industry: Biotechnology
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
CORT
CORCEPT THERAPEUTICS INC
United States
$2.55B104,112,08830.65%69.35%Net BuyingNet Buying
INCY
INCYTE CORP
United States
$12.07B224,540,75179.30%20.70%Net SellingNet Buying
AMLX
AMYLYX PHARMACEUTICALS INC
United States
$137.60M67,782,13952.42%47.58%Net BuyingNet Selling
HRMY
HARMONY BIOSCIENCES HOLDINGS INC
United States
$1.79B56,791,86161.03%38.97%Net SellingNet Selling
PBYI
PUMA BIOTECHNOLOGY INC
United States
$234.44M48,238,85055.16%44.40%Net Selling
BMRN
BIOMARIN PHARMACEUTICAL INC
United States
$15.65B189,879,80397.46%1.62%Net SellingNet Selling
EXEL
EXELIXIS INC
United States
$6.38B291,292,70488.76%4.24%Net SellingNet Buying
VYGR
VOYAGER THERAPEUTICS INC
United States
$478.39M54,300,62747.14%52.86%Net SellingNet Selling
HALO
HALOZYME THERAPEUTICS INC
United States
$5.06B126,824,80078.21%21.79%Net SellingNet Selling
GMAB
GENMAB A
Denmark
$19.65B66,122,96470.47%0.00%
UTHR
UNITED THERAPEUTICS CORP
United States
$11.64B44,355,69487.59%12.41%Net SellingNet Selling
TGTX
TG THERAPEUTICS INC
United States
$2.50B154,420,77253.78%46.22%Net SellingNet Selling
ROIV
ROIVANT SCIENCES LTD
Bermuda
$9.18B805,846,00640.14%59.86%Net SellingNet Selling
RPRX
ROYALTY PHARMA PLC
United States
$16.97B597,434,79151.02%16.51%Net SellingNet Buying
MEIP
MEI PHARMA INC
United States
$20.39M6,662,85717.91%82.09%Net Buying
BNTX
BIONTECH SE
Germany
$22.04B237,725,73517.05%0.00%
MDXG
MIMEDX GROUP INC
United States
$1.09B147,603,95542.42%57.58%Net BuyingNet Selling
REGN
REGENERON PHARMACEUTICALS INC
United States
$105.45B110,185,50369.34%30.66%Net SellingNet Buying
VNDA
VANDA PHARMACEUTICALS INC
United States
$280.78M57,537,49956.23%43.77%Net SellingNet Selling
SRPT
SAREPTA THERAPEUTICS INC
United States
$12.63B94,523,76673.88%26.12%Net BuyingNet Selling
SPRO
SPERO THERAPEUTICS INC
United States
$87.81M53,869,13925.60%64.13%Net Selling
AVRO
AVROBIO INC
United States
$54.73M44,860,51546.76%53.24%Net Selling
BNOX
BIONOMICS LIMITED
Australia
$11.09M1,924,808,4440.07%0.00%
VRTX
VERTEX PHARMACEUTICALS INC
United States
$103.60B258,307,81690.91%1.48%Net SellingNet Selling
KRYS
KRYSTAL BIOTECH INC
United States
$4.56B28,292,61675.55%24.45%Net SellingNet Selling
CPRX
CATALYST PHARMACEUTICALS INC
United States
$1.73B117,863,25871.64%16.33%Net BuyingNet Selling
CRSP
CRISPR THERAPEUTICS AG
Switzerland
$4.49B80,275,95062.44%37.56%Net BuyingNet Buying
TFFP
TFF PHARMACEUTICALS INC
United States
$5.11M2,519,2203.17%96.83%Net Buying
KNSA
KINIKSA PHARMACEUTICALS LTD
Bermuda
$1.42B70,940,14548.25%9.83%Net SellingNet Selling
OCUP
OCUPHIRE PHARMA INC
United States
$49.38M24,813,3701.23%98.77%Net BuyingNet Buying
PLX
PROTALIX BIOTHERAPEUTICS INC
Israel
$83.28M73,052,1246.75%93.25%Net Buying
SEER
SEER INC
United States
$145.09M64,773,18054.70%45.30%Net BuyingNet Selling
ADAG
ADAGENE INC
China
$106.32M55,145,83912.92%0.00%
JAZZ
JAZZ PHARMACEUTICALS PLC
Ireland
$6.93B63,039,61826.94%73.06%Net SellingNet Selling
MIRM
MIRUM PHARMACEUTICALS INC
United States
$1.21B47,003,32948.94%51.06%Net BuyingNet Selling
IMMP
IMMUTEP LTD
Australia
$335.25M1,188,834,5590.17%0.00%
VYNE
VYNE THERAPEUTICS INC
United States
$36.94M14,098,88823.19%76.81%Net BuyingNet Selling
DBVT
DBV TECHNOLOGIES SA
France
$128.64M96,431,77039.10%15.37%Net BuyingNet Buying
PRTA
PROTHENA CORP PUBLIC LTD CO
Ireland
$1.23B53,720,45553.06%46.94%Net Buying
IDYA
IDEAYA BIOSCIENCES INC
United States
$3.14B74,560,27388.70%10.03%Net SellingNet Selling
CLGN
COLLPLANT BIOTECHNOLOGIES LTD
Israel
$68.14M11,452,67212.49%0.00%
RNA
AVIDITY BIOSCIENCES INC
United States
$2.11B79,719,47382.47%17.53%Net SellingNet Selling
VTGN
VISTAGEN THERAPEUTICS INC
United States
$121.61M27,025,20938.92%61.08%Net Buying
LPCN
LIPOCINE INC
United States
$24.88M5,315,8305.77%94.23%Net Buying
ARCT
ARCTURUS THERAPEUTICS HOLDINGS INC
United States
$733.98M26,915,24387.10%12.90%Net SellingNet Selling
ORMP
ORAMED PHARMACEUTICALS INC
United States
$95.22M40,519,16012.73%46.50%
INM
INMED PHARMACEUTICALS INC
Canada
$1.47M6,056,97013.28%11.17%Net BuyingNet Buying
ALGS
ALIGOS THERAPEUTICS INC
United States
$61.29M75,668,52154.25%45.75%Net Buying
KZR
KEZAR LIFE SCIENCES INC
United States
$62.39M72,801,35967.83%21.82%Net Buying
GNFT
GENFIT SA
France
$182.40M49,834,9831.27%0.00%
MDWD
MEDIWOUND LTD
Israel
$171.99M9,221,76427.28%0.00%
ZYME
ZYMEWORKS INC
Canada
$650.48M70,704,89061.32%38.68%Net Buying
ANIX
ANIXA BIOSCIENCES INC
United States
$93.79M31,899,80013.83%84.71%Net BuyingNet Buying
AXSM
AXSOME THERAPEUTICS INC
United States
$3.54B47,374,37571.00%29.00%Net SellingNet Buying
LEGN
LEGEND BIOTECH CORP
United States
$8.26B363,822,06923.61%0.00%
NVO
NOVO NORDISK A S
Denmark
$554.96B4,510,000,0006.84%0.00%
AGIO
AGIOS PHARMACEUTICALS INC
United States
$1.96B56,772,96675.09%24.91%Net SellingNet Selling
PTGX
PROTAGONIST THERAPEUTICS INC
United States
$1.52B58,274,99879.94%20.06%Net SellingNet Selling
FULC
FULCRUM THERAPEUTICS INC
United States
$480.00M61,935,17164.02%35.98%Net BuyingNet Buying
XCUR
EXICURE INC
United States
$4.33M8,648,3070.89%99.11%Net SellingNet Selling
MRUS
MERUS NV
Netherlands
$2.80B57,878,28487.00%13.00%Net Selling
FUSN
FUSION PHARMACEUTICALS INC
Canada
$1.82B84,692,58571.20%28.80%
ACIU
AC IMMUNE SA
Switzerland
$237.08M99,197,82929.88%0.00%
FATE
FATE THERAPEUTICS INC
United States
$402.90M99,237,50861.86%38.14%Net SellingNet Selling
ARGX
ARGENX SE
Belgium
$22.98B59,194,48855.29%0.00%
XBIO
XENETIC BIOSCIENCES INC
United States
$6.58M1,540,6840.42%99.58%
SLGL
SOL-GEL TECHNOLOGIES LTD
Israel
$23.68M27,857,62028.59%0.00%
CLNN
CLENE INC
United States
$55.87M128,430,0989.06%52.69%Net BuyingNet Selling
JANX
JANUX THERAPEUTICS INC
United States
$3.35B51,660,06054.14%45.86%Net Buying
IGMS
IGM BIOSCIENCES INC
United States
$591.98M58,786,58837.27%54.63%Net BuyingNet Buying
VERV
VERVE THERAPEUTICS INC
United States
$536.00M83,619,27962.25%37.75%Net BuyingNet Selling
TRAW
TRAWS PHARMA INC
United States
$13.38M21,040,6455.95%94.05%Net SellingNet Selling
MRKR
MARKER THERAPEUTICS INC
United States
$37.57M8,902,8971.30%98.70%
ZVRA
ZEVRA THERAPEUTICS INC
United States
$208.88M43,426,18629.20%27.84%Net Buying
ALT
ALTIMMUNE INC
United States
$517.54M70,895,28634.70%65.30%Net Selling
ITOS
ITEOS THERAPEUTICS INC
United States
$417.93M35,843,13162.37%37.63%Net Selling
CDIO
CARDIO DIAGNOSTICS HOLDINGS INC
United States
$16.56M21,591,1197.67%34.34%Net BuyingNet Buying
PLRX
PLIANT THERAPEUTICS INC
United States
$842.14M60,239,17670.74%29.26%Net Selling
BGNE
BEIGENE LTD
Cayman Islands
$16.98B1,359,513,2243.31%34.70%Net SellingNet Selling
SPRB
SPRUCE BIOSCIENCES INC
United States
$30.61M41,149,16063.59%36.41%Net SellingNet Selling
TECH
BIO-TECHNE CORP
United States
$12.15B157,191,68597.66%2.34%Net BuyingNet Selling
RVMD
REVOLUTION MEDICINES INC
United States
$6.62B164,690,40889.46%10.54%Net SellingNet Selling
CALT
CALLIDITAS THERAPEUTICS AB
Sweden
$595.80M59,580,0871.42%0.00%
BRNS
BARINTHUS BIOTHERAPEUTICS PLC
United Kingdom
$84.85M38,921,21224.97%54.37%Net Buying
SPRY
ARS PHARMACEUTICALS INC
United States
$940.89M96,501,55443.67%56.33%Net BuyingNet Buying
EYPT
EYEPOINT PHARMACEUTICALS INC
United States
$983.66M49,830,79220.11%79.89%Net SellingNet Buying
RYTM
RHYTHM PHARMACEUTICALS INC
United States
$2.63B60,140,49587.96%12.04%Net SellingNet Selling
APRE
APREA THERAPEUTICS INC
United States
$29.05M5,430,2151.54%98.46%Net BuyingNet Buying
IFRX
INFLARX NV
Germany
$81.26M58,883,27229.00%0.00%
SAGE
SAGE THERAPEUTICS INC
United States
$838.94M60,182,03171.61%28.39%Net Selling
LXRX
LEXICON PHARMACEUTICALS INC
United States
$428.45M246,236,75321.34%78.66%Net BuyingNet Buying
QSI
QUANTUM-SI INC
United States
$260.86M141,769,91736.43%63.57%Net BuyingNet Buying
IMCR
IMMUNOCORE HOLDINGS PLC
United Kingdom
$3.00B49,820,61375.26%0.07%Net BuyingNet Buying
KRRO
KORRO BIO INC
United States
$467.20M8,021,94618.90%81.10%Net BuyingNet Buying
ZLAB
ZAI LAB LTD
China
$1.61B992,087,4304.15%1.96%Net BuyingNet Buying
MREO
MEREO BIOPHARMA GROUP PLC
United Kingdom
$457.24M701,287,02911.20%4.59%
VCYT
VERACYTE INC
United States
$1.53B75,067,82364.44%35.56%Net SellingNet Selling
VRDN
VIRIDIAN THERAPEUTICS INC
United States
$966.62M62,767,57067.46%32.54%Net Buying
IMTX
IMMATICS NV
Germany
$911.76M84,657,78958.58%0.00%
OCS
OCULIS HOLDING AG
Switzerland
$469.12M36,649,70510.87%0.00%

Biotech Stocks FAQ

What are the best biotech stocks to buy right now in May 2024?

According to Zen Score, the 3 best biotechnology stocks to buy right now are:

1. Corcept Therapeutics (NASDAQ:CORT)


Corcept Therapeutics (NASDAQ:CORT) is the top biotech stock with a Zen Score of 65, which is 42 points higher than the biotech industry average of 23. It passed 21 out of 33 due diligence checks and has strong fundamentals. Corcept Therapeutics has seen its stock return 6.15% over the past year, overperforming other biotech stocks by 24 percentage points.

Corcept Therapeutics has an average 1 year price target of $40.67, an upside of 65.85% from Corcept Therapeutics's current stock price of $24.52.

Corcept Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Corcept Therapeutics, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the second best biotech stock with a Zen Score of 64, which is 41 points higher than the biotech industry average of 23. It passed 20 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -20.99% over the past year, underperforming other biotech stocks by -3 percentage points.

Incyte has an average 1 year price target of $74.92, an upside of 39.37% from Incyte's current stock price of $53.76.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Incyte, 30.77% have issued a Strong Buy rating, 23.08% have issued a Buy, 46.15% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Amylyx Pharmaceuticals (NASDAQ:AMLX)


Amylyx Pharmaceuticals (NASDAQ:AMLX) is the third best biotech stock with a Zen Score of 63, which is 40 points higher than the biotech industry average of 23. It passed 20 out of 33 due diligence checks and has strong fundamentals. Amylyx Pharmaceuticals has seen its stock lose -92.77% over the past year, underperforming other biotech stocks by -74 percentage points.

Amylyx Pharmaceuticals has an average 1 year price target of $11.00, an upside of 441.87% from Amylyx Pharmaceuticals's current stock price of $2.03.

Amylyx Pharmaceuticals stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Amylyx Pharmaceuticals, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the biotech stocks with highest dividends?

Out of 3 biotech stocks that have issued dividends in the past year, the 3 biotech stocks with the highest dividend yields are:

1. Mei Pharma (NASDAQ:MEIP)


Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 57.19%, which is 42 percentage points higher than the biotech industry average of 15.03%.

Mei Pharma's dividend payout ratio of 58.9% indicates that its high dividend yield is sustainable for the long-term.

2. Novo Nordisk A S (NYSE:NVO)


Novo Nordisk A S (NYSE:NVO) has an annual dividend yield of 1.11%, which is -14 percentage points lower than the biotech industry average of 15.03%. Novo Nordisk A S's dividend payout is not stable, having dropped more than 10% eight times in the last 10 years. Novo Nordisk A S's dividend has shown consistent growth over the last 10 years.

Novo Nordisk A S's dividend payout ratio of 47.8% indicates that its dividend yield is sustainable for the long-term.

3. Bio Techne (NASDAQ:TECH)


Bio Techne (NASDAQ:TECH) has an annual dividend yield of 0.41%, which is -15 percentage points lower than the biotech industry average of 15.03%. Bio Techne's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Bio Techne's dividend has shown consistent growth over the last 10 years.

Bio Techne's dividend payout ratio of 22.7% indicates that its dividend yield is sustainable for the long-term.

Why are biotech stocks up?

Biotech stocks were up 1.07% in the last day, and up 6% over the last week. Ardelyx was the among the top gainers in the biotechnology industry, gaining 28.42% yesterday.

Ardelyx shares are trading higher after the company reported better-than-expected Q1 financial results.

What are the most undervalued biotech stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued biotech stocks right now are:

1. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the most undervalued biotech stock based on WallStreetZen's Valuation Score. Incyte has a valuation score of 86, which is 73 points higher than the biotech industry average of 13. It passed 6 out of 7 valuation due diligence checks.

Incyte's stock has dropped -20.99% in the past year. It has underperformed other stocks in the biotech industry by -3 percentage points.

2. Royalty Pharma (NASDAQ:RPRX)


Royalty Pharma (NASDAQ:RPRX) is the second most undervalued biotech stock based on WallStreetZen's Valuation Score. Royalty Pharma has a valuation score of 86, which is 73 points higher than the biotech industry average of 13. It passed 6 out of 7 valuation due diligence checks.

Royalty Pharma's stock has dropped -19.61% in the past year. It has underperformed other stocks in the biotech industry by -1 percentage points.

3. Amylyx Pharmaceuticals (NASDAQ:AMLX)


Amylyx Pharmaceuticals (NASDAQ:AMLX) is the third most undervalued biotech stock based on WallStreetZen's Valuation Score. Amylyx Pharmaceuticals has a valuation score of 71, which is 58 points higher than the biotech industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Amylyx Pharmaceuticals's stock has dropped -92.77% in the past year. It has underperformed other stocks in the biotech industry by -74 percentage points.

Are biotech stocks a good buy now?

50.1% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 80.46% over the next year.

What is the average p/e ratio of the biotechnology industry?

The average P/E ratio of the biotechnology industry is 6.05x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.