5 Biotech Stocks That Generated 1,000%+ Returns In 2020

Financial world news, market analysis, investment scam prevention tips and more ✔️ Learn all there is to know about the asset management industry. This magazine is crafted specifically for those who are interested in diving into the global asset management world. The biopharma sector weathered the COVID-19 pandemic fairly well, with the Shares Nasdaq Biotechnology Etf (NASDAQ:IBB) outperforming the S&P 500 Index. This defensive sector also benefited from opportunity in the form of SARS-CoV-2, the virus that causes COVID-19.It, therefore, comes as a no surprise that two of the top five gainers among biotech stocks are vaccine developers. Here are the biotechs that advanced in excess of 1,000% thus far this year: Novavax, Inc. (NASDAQ:NVAX) (Gain: +2799%) Much of Novavax's rally is attributable to its coronavirus vaccine program. The company identified its investigational vaccine, codenamed NVX-CoV2373, in early April. It is a stable, prefusion protein made using the company's proprietary nanoparticle technology, with Matrix-M adjuvant added to it. Ahead of the initiation of the coronavirus vaccine program, the shares received a lift from positive developments concerning its influenza vaccine candidate NanoFlu. After proceeding seamlessly with its vaccine program, Novavax Is currently facing a setback as it is experiencing a delay in the start of the U.S. leg of the late-stage study of NVX-CoV2373. With two companies having already received conditional approvals for their vaccine candidates, Novavax is under pressure to expeditiously bring its coronavirus vaccine program to fruition. Vaxart Inc (NASDAQ:VXRT) To keep reading about 5 Biotech Stocks That Generated 1,000%+ Returns In 2020, Click on the link. Seoul, Korea
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