What’s Next For Biotech Stocks?
There are certain sectors that eventually become some of the favorites for a large number of investors. That’s due to the strong performance of many of the leading companies. The biotech sector is certainly one of those sectors and if experts are right, then it is going to be one of the hottest sectors in the years to come.
However, when it comes to discovering winning stocks, an investor needs to do his research and keep track of the market. Here is a quick look at two biotech stocks to watch this quarter.
Abeona Therapeutics
The first biotech stock that investors could add to their watch list is the Abeona Therapeutics Inc (NASDAQ:ABEO) stock. It is one of the movers among biotech stocks this morning after Abeona made an important announcement with regards to one of its products.
The company focuses on gene and cell therapy solutions. It stated that the clinical hold on Phase 3 VITAL study of its medicine EB-101 was removed by the FDA.
The medicine in question treats patients suffering from recessive dystrophic epidermolysis bullosa. The announcement led to a lot of optimism in the markets as investors flocked to the stock and the Abeona stock has rallied by as much as 8% on Monday.
Achieve Life Sciences
Another biotech stock that made a strong move on Monday is that of Achieve Life Sciences Inc (NASDAQ:ACHV). The company focuses on smoking cessation. This week Achieve made an important announcement with regards to its cytisinicline clinical development program.
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Achieve stated that the FDA had provided feedback to the company about clinical trial protocols for the Phase 3 study. The FDA also allowed the use of the single 3.0 mg cytisinicline tablet in the Phase 3 study. Thanks to this significant development from Achieve, the stock rallied by as much as 8% yesterday.
