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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)
INCY
INCYTE CORP
United States
$11.60B224,526,12879.30%20.70%Net SellingNet Buying
HRMY
HARMONY BIOSCIENCES HOLDINGS INC
United States
$1.64B56,769,08161.03%38.97%Net SellingNet Selling
VYGR
VOYAGER THERAPEUTICS INC
United States
$415.40M54,300,62747.14%52.86%Net SellingNet Selling
AMLX
AMYLYX PHARMACEUTICALS INC
United States
$132.18M67,782,13952.42%47.58%Net BuyingNet Selling
UTHR
UNITED THERAPEUTICS CORP
United States
$11.03B47,058,54587.59%12.41%Net SellingNet Selling
CORT
CORCEPT THERAPEUTICS INC
United States
$2.38B103,517,38830.65%69.35%Net BuyingNet Buying
EXEL
EXELIXIS INC
United States
$7.06B303,194,25985.28%4.07%Net SellingNet Buying
PBYI
PUMA BIOTECHNOLOGY INC
United States
$247.30M48,207,16255.20%44.43%Net Selling
HALO
HALOZYME THERAPEUTICS INC
United States
$4.94B126,824,80078.23%21.77%Net SellingNet Selling
MDXG
MIMEDX GROUP INC
United States
$956.70M146,958,42042.42%57.58%Net BuyingNet Selling
RPRX
ROYALTY PHARMA PLC
United States
$16.62B597,434,79151.02%16.51%Net SellingNet Buying
ROIV
ROIVANT SCIENCES LTD
Bermuda
$8.82B805,846,00640.14%59.86%Net SellingNet Selling
TGTX
TG THERAPEUTICS INC
United States
$2.20B154,420,77253.78%46.22%Net SellingNet Selling
GMAB
GENMAB A
Denmark
$18.87B66,074,53570.53%0.00%
MEIP
MEI PHARMA INC
United States
$22.20M6,662,85717.91%82.09%Net Buying
BMRN
BIOMARIN PHARMACEUTICAL INC
United States
$17.37B188,675,62298.08%1.63%Net SellingNet Selling
BNTX
BIONTECH SE
Germany
$21.04B237,725,73517.05%0.00%
VNDA
VANDA PHARMACEUTICALS INC
United States
$266.40M57,537,49956.23%43.77%Net SellingNet Selling
PLX
PROTALIX BIOTHERAPEUTICS INC
Israel
$87.66M73,052,1246.75%93.25%Net Buying
DBVT
DBV TECHNOLOGIES SA
France
$131.15M96,431,77039.10%15.37%Net BuyingNet Buying
AVRO
AVROBIO INC
United States
$54.28M44,860,51546.76%53.24%Net SellingNet Selling
SPRO
SPERO THERAPEUTICS INC
United States
$77.30M53,869,13925.60%64.13%Net SellingNet Selling
BNOX
BIONOMICS LIMITED
Australia
$10.66M1,924,808,4440.07%0.00%
CRSP
CRISPR THERAPEUTICS AG
Switzerland
$4.53B80,275,95062.44%37.56%Net BuyingNet Buying
KRYS
KRYSTAL BIOTECH INC
United States
$4.58B28,292,61675.55%24.45%Net SellingNet Selling
CPRX
CATALYST PHARMACEUTICALS INC
United States
$1.74B117,863,25871.64%16.33%Net BuyingNet Buying
SEER
SEER INC
United States
$117.24M64,773,18054.70%45.30%Net BuyingNet Selling
IGMS
IGM BIOSCIENCES INC
United States
$452.66M58,786,58837.27%54.48%Net BuyingNet Buying
OCUP
OCUPHIRE PHARMA INC
United States
$38.21M24,813,3701.23%98.77%Net BuyingNet Buying
KNSA
KINIKSA PHARMACEUTICALS LTD
Bermuda
$1.25B70,615,02248.48%9.87%Net SellingNet Selling
TFFP
TFF PHARMACEUTICALS INC
United States
$7.48M2,519,2203.17%96.83%Net Buying
NVO
NOVO NORDISK A S
Denmark
$580.17B4,510,000,0006.84%0.00%
ADAG
ADAGENE INC
China
$116.91M55,145,83912.92%0.00%
AXSM
AXSOME THERAPEUTICS INC
United States
$3.46B47,374,37571.00%29.00%Net SellingNet Buying
MIRM
MIRUM PHARMACEUTICALS INC
United States
$1.15B47,003,32948.94%51.06%Net BuyingNet Selling
REGN
REGENERON PHARMACEUTICALS INC
United States
$99.59B109,761,89669.39%30.61%Net SellingNet Buying
FULC
FULCRUM THERAPEUTICS INC
United States
$460.80M61,935,17164.02%35.98%Net BuyingNet Buying
IDYA
IDEAYA BIOSCIENCES INC
United States
$2.91B74,560,27388.70%10.03%Net SellingNet Selling
VYNE
VYNE THERAPEUTICS INC
United States
$32.71M14,098,88823.19%76.81%Net BuyingNet Selling
CLGN
COLLPLANT BIOTECHNOLOGIES LTD
Israel
$61.84M11,452,67212.49%0.00%
JAZZ
JAZZ PHARMACEUTICALS PLC
Ireland
$6.84B62,345,28326.94%73.06%Net SellingNet Selling
VTGN
VISTAGEN THERAPEUTICS INC
United States
$130.53M27,025,20938.92%61.08%Net Buying
IMMP
IMMUTEP LTD
Australia
$298.40M1,188,834,5590.17%0.00%
AGIO
AGIOS PHARMACEUTICALS INC
United States
$1.79B56,194,84775.09%24.91%Net SellingNet Selling
RNA
AVIDITY BIOSCIENCES INC
United States
$2.00B79,719,47382.47%17.53%Net SellingNet Selling
PRTA
PROTHENA CORP PUBLIC LTD CO
Ireland
$1.10B53,720,45553.06%46.94%Net Buying
TECH
BIO-TECHNE CORP
United States
$10.01B157,191,68597.66%2.34%Net BuyingNet Selling
MDWD
MEDIWOUND LTD
Israel
$151.33M9,221,76427.28%0.00%
INM
INMED PHARMACEUTICALS INC
Canada
$1.65M6,056,97013.28%11.17%Net BuyingNet Buying
GNFT
GENFIT SA
France
$171.68M49,834,9831.27%0.00%
ALGS
ALIGOS THERAPEUTICS INC
United States
$62.35M75,668,52154.25%45.75%Net Buying
ARCT
ARCTURUS THERAPEUTICS HOLDINGS INC
United States
$751.74M26,915,24387.10%12.90%Net SellingNet Selling
KZR
KEZAR LIFE SCIENCES INC
United States
$60.13M72,801,35967.83%21.82%Net Buying
LPCN
LIPOCINE INC
United States
$25.52M5,315,8305.77%94.23%Net Buying
ANIX
ANIXA BIOSCIENCES INC
United States
$97.93M31,899,80013.83%84.70%Net BuyingNet Buying
LEGN
LEGEND BIOTECH CORP
United States
$8.63B363,822,06923.61%0.00%
PTGX
PROTAGONIST THERAPEUTICS INC
United States
$1.56B58,274,99879.94%20.06%Net SellingNet Selling
LIFE
ATYR PHARMA INC
United States
$109.76M67,750,02460.86%22.55%Net BuyingNet Selling
ZLAB
ZAI LAB LTD
China
$1.50B992,087,4304.15%1.96%Net BuyingNet Buying
SAGE
SAGE THERAPEUTICS INC
United States
$778.38M60,106,68771.61%28.39%Net Selling
GLPG
GALAPAGOS NV
Belgium
$1.94B65,897,07130.01%0.00%
MORF
MORPHIC HOLDING INC
United States
$1.44B50,037,22964.32%35.68%Net BuyingNet Buying
QURE
UNIQURE NV
Netherlands
$227.23M47,838,27578.37%13.99%Net SellingNet Selling
XCUR
EXICURE INC
United States
$4.67M8,648,3070.89%99.11%Net SellingNet Selling
GBIO
GENERATION BIO CO
United States
$216.72M66,477,11163.23%36.77%Net BuyingNet Selling
ORMP
ORAMED PHARMACEUTICALS INC
United States
$95.22M40,519,16012.73%46.50%
NRBO
NEUROBO PHARMACEUTICALS INC
United States
$14.82M4,906,0320.25%99.75%
ACIU
AC IMMUNE SA
Switzerland
$236.09M99,197,82929.88%0.00%
SLGL
SOL-GEL TECHNOLOGIES LTD
Israel
$25.77M27,857,62028.59%0.00%
ABIO
ARCA BIOPHARMA INC
United States
$52.93M14,501,1434.98%95.02%
SNSE
SENSEI BIOTHERAPEUTICS INC
United States
$25.02M25,070,98011.82%71.99%Net SellingNet Selling
ARGX
ARGENX SE
Belgium
$22.20B59,194,48855.29%0.00%
XBIO
XENETIC BIOSCIENCES INC
United States
$5.93M1,540,6840.42%99.58%
BOLT
BOLT BIOTHERAPEUTICS INC
United States
$42.32M38,127,74054.74%45.26%Net Selling
FATE
FATE THERAPEUTICS INC
United States
$450.54M99,237,50861.86%38.14%Net SellingNet Selling
FUSN
FUSION PHARMACEUTICALS INC
Canada
$1.81B84,692,58571.20%28.80%
MRUS
MERUS NV
Netherlands
$2.36B57,878,28487.00%13.00%Net Selling
VERV
VERVE THERAPEUTICS INC
United States
$575.30M83,619,27962.25%37.75%Net BuyingNet Selling
BCYC
BICYCLE THERAPEUTICS PLC
United Kingdom
$965.85M42,586,18554.60%45.40%Net SellingNet Selling
TRAW
TRAWS PHARMA INC
United States
$13.99M21,040,6455.95%94.05%Net SellingNet Selling
ZVRA
ZEVRA THERAPEUTICS INC
United States
$198.89M43,426,18629.20%27.84%Net Buying
CLNN
CLENE INC
United States
$43.02M128,430,0989.06%52.75%Net BuyingNet Selling
MRKR
MARKER THERAPEUTICS INC
United States
$39.40M8,902,8971.30%98.70%
EDIT
EDITAS MEDICINE INC
United States
$446.70M81,813,85064.04%35.96%Net SellingNet Selling
JANX
JANUX THERAPEUTICS INC
United States
$2.57B51,660,06054.14%45.86%Net Buying
PLUR
PLURI INC
Israel
$25.93M5,185,0220.58%99.42%
ALT
ALTIMMUNE INC
United States
$536.68M70,895,28634.70%65.30%Net SellingNet Selling
SPRY
ARS PHARMACEUTICALS INC
United States
$820.26M96,501,55443.74%56.26%Net BuyingNet Buying
SPRB
SPRUCE BIOSCIENCES INC
United States
$28.85M41,149,16063.59%36.41%Net SellingNet Selling
RYTM
RHYTHM PHARMACEUTICALS INC
United States
$2.41B60,140,49587.96%12.04%Net SellingNet Selling
RVMD
REVOLUTION MEDICINES INC
United States
$5.97B164,690,40889.46%10.54%Net SellingNet Selling
BGNE
BEIGENE LTD
Cayman Islands
$14.55B1,359,513,2243.31%34.70%Net SellingNet Selling
VRTX
VERTEX PHARMACEUTICALS INC
United States
$104.59B258,307,81690.91%1.48%Net SellingNet Selling
EYPT
EYEPOINT PHARMACEUTICALS INC
United States
$875.53M49,830,79220.11%79.89%Net SellingNet Buying
CDIO
CARDIO DIAGNOSTICS HOLDINGS INC
United States
$16.21M21,591,1197.67%34.34%Net BuyingNet Buying
ITOS
ITEOS THERAPEUTICS INC
United States
$393.92M35,843,13162.37%37.63%Net Selling
SRPT
SAREPTA THERAPEUTICS INC
United States
$10.99B93,855,41073.88%26.12%Net BuyingNet Selling
PLRX
PLIANT THERAPEUTICS INC
United States
$754.19M60,239,17670.74%29.26%Net Selling
BRNS
BARINTHUS BIOTHERAPEUTICS PLC
United Kingdom
$99.25M38,921,21224.97%54.37%Net Buying
ARDX
ARDELYX INC
United States
$1.49B232,686,00838.01%61.99%Net SellingNet Selling

Biotech Stocks FAQ

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

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

1. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the top biotech stock with a Zen Score of 75, which is 52 points higher than the biotech industry average of 23. It passed 24 out of 33 due diligence checks and has strong fundamentals. Incyte has seen its stock lose -31.36% over the past year, underperforming other biotech stocks by -8 percentage points.

Incyte has an average 1 year price target of $73.92, an upside of 43.11% from Incyte's current stock price of $51.65.

Incyte stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Incyte, 25% have issued a Strong Buy rating, 16.67% have issued a Buy, 58.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Harmony Biosciences Holdings (NASDAQ:HRMY)


Harmony Biosciences Holdings (NASDAQ:HRMY) is the second best biotech stock with a Zen Score of 70, which is 47 points higher than the biotech industry average of 23. It passed 23 out of 33 due diligence checks and has strong fundamentals. Harmony Biosciences Holdings has seen its stock lose -10.98% over the past year, overperforming other biotech stocks by 12 percentage points.

Harmony Biosciences Holdings has an average 1 year price target of $37.33, an upside of 29.4% from Harmony Biosciences Holdings's current stock price of $28.85.

Harmony Biosciences Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Harmony Biosciences Holdings, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 16.67% have issued a Sell rating, and 16.67% have issued a Strong Sell.

3. Voyager Therapeutics (NASDAQ:VYGR)


Voyager Therapeutics (NASDAQ:VYGR) is the third best biotech stock with a Zen Score of 66, which is 43 points higher than the biotech industry average of 23. It passed 21 out of 33 due diligence checks and has strong fundamentals. Voyager Therapeutics has seen its stock lose -0.65% over the past year, overperforming other biotech stocks by 22 percentage points.

Voyager Therapeutics has an average 1 year price target of $20.50, an upside of 167.97% from Voyager Therapeutics's current stock price of $7.65.

Voyager Therapeutics stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Voyager Therapeutics, 75% have issued a Strong Buy rating, 25% have issued a Buy, 0% 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 4 biotech stocks that have issued dividends in the past year, the 3 biotech stocks with the highest dividend yields are:

1. Carisma Therapeutics (NASDAQ:CARM)


Carisma Therapeutics (NASDAQ:CARM) has an annual dividend yield of N/A, which is N/A percentage points lower than the biotech industry average of 13.88%.

Carisma Therapeutics's dividend payout ratio of 0% indicates that its dividend yield might not be sustainable for the long-term.

2. Mei Pharma (NASDAQ:MEIP)


Mei Pharma (NASDAQ:MEIP) has an annual dividend yield of 52.52%, which is 39 percentage points higher than the biotech industry average of 13.88%.

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

3. Novo Nordisk A S (NYSE:NVO)


Novo Nordisk A S (NYSE:NVO) has an annual dividend yield of 1.07%, which is -13 percentage points lower than the biotech industry average of 13.88%. 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 38.1% indicates that its dividend yield is sustainable for the long-term.

Why are biotech stocks up?

Biotech stocks were up 1.32% in the last day, and down -1.3% over the last week. Palisade Bio was the among the top gainers in the biotechnology industry, gaining 20.08% yesterday.

Palisade Bio shares are trading higher after the company's entered a collaboration with Strand Life Sciences.

What are the most undervalued biotech stocks?

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

1. Royalty Pharma (NASDAQ:RPRX)


Royalty Pharma (NASDAQ:RPRX) is the most undervalued biotech stock based on WallStreetZen's Valuation Score. Royalty Pharma has a valuation score of 100, which is 85 points higher than the biotech industry average of 15. It passed 7 out of 7 valuation due diligence checks.

Royalty Pharma's stock has dropped -22.36% in the past year. It has overperformed other stocks in the biotech industry by 1 percentage points.

2. Voyager Therapeutics (NASDAQ:VYGR)


Voyager Therapeutics (NASDAQ:VYGR) is the second most undervalued biotech stock based on WallStreetZen's Valuation Score. Voyager Therapeutics has a valuation score of 100, which is 85 points higher than the biotech industry average of 15. It passed 7 out of 7 valuation due diligence checks.

Voyager Therapeutics's stock has dropped -0.65% in the past year. It has overperformed other stocks in the biotech industry by 22 percentage points.

3. Incyte (NASDAQ:INCY)


Incyte (NASDAQ:INCY) is the third most undervalued biotech stock based on WallStreetZen's Valuation Score. Incyte has a valuation score of 86, which is 71 points higher than the biotech industry average of 15. It passed 6 out of 7 valuation due diligence checks.

Incyte's stock has dropped -31.36% in the past year. It has underperformed other stocks in the biotech industry by -8 percentage points.

Are biotech stocks a good buy now?

49.13% of biotech stocks rated by analysts are a strong buy right now. On average, analysts expect biotech stocks to rise by 87.27% 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 16.46x.
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.