One of the sectors that have grown by leaps and bounds despite being relatively new is the biotech sector. Hence, it has also become a favorite among investors. Over the years, many biotech stocks have managed to create a lot of wealth for thousands of people.
However, investors who are looking to buy biotech stocks would need to watch the latest moves in the sector closely. Here is a look at two biotech stocks to watch that could be part of investors’ watch lists this month.
2 Notable Biotech Stock Gainers #1 Aptose Biosciences
One of the biotech stocks that made significant moves over the past two weeks is Aptose Biosciences Inc (NASDAQ:APTO). After releasing preclinical data for one of its products earlier on in December, the stock rallied by as much as 80% over the course of the last two weeks. On Wednesday, the shares jumped further after the company made a major announcement with regards to the public offering of its shares.
The company announced that in its public offering it is going to offer as many as 16 million of its shares at $4 each. The news resulted in a strong rally on the stock on Wednesday and it has emerged as a biotech stock to watch this week after having rallied by 13%.
2 Notable Biotech Stock Gainers #2 Clearside Biomedical
Another biotech stock worth mentioning is that of Clearside Biomedical Inc (NASDAQ:CLSD), which has rallied by as much as 330% since October. The company is well known for having developed the uniquely designed suprachoroidal space (SCS) microinjection platform that is meant for delivering medicines for eye treatment. The company’s lead candidate is Xipere, and back in October, Clearside postponed its resubmission due to delays from one of its contractors.
In November, the company announced its third-quarter results and it proved to be a pleasant surprise. Revenues for the period stood at $0.14 million, which surpassed analysts’ estimates by as much as 182%.
