5 Best Biotech Penny Stocks to Invest In

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In this article, we discuss the 5 biotech penny stocks to invest in. If you want to read our detailed analysis of these stocks, go directly to 12 Best Biotech Penny Stocks to Invest In.

5. Ocean Biomedical, Inc. (NASDAQ:OCEA)

Number of Hedge Fund Holders: 5    

Ocean Biomedical, Inc. (NASDAQ:OCEA) is a biopharmaceutical company that focuses on discovering and developing therapeutic products in oncology, fibrosis, and infectious diseases. The company is developing an antibody therapeutic product candidate inhibiting Chi3l1, and a bi-specific antibody product candidate inhibiting Chi3l1 plus PD-1 and CTLA-4 for the treatment of non-small cell lung cancer and glioblastoma multiforme.

At the end of the fourth quarter of 2023, 5 hedge funds in the database of Insider Monkey held stakes worth $406,000 in Ocean Biomedical, Inc. (NASDAQ:OCEA), compared to 4 in the preceding quarter worth $726,000. 

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