5 Best Biotech Penny Stocks to Invest In

4. VBI Vaccines Inc. (NASDAQ:VBIV)

Number of Hedge Fund Holders: 5 

VBI Vaccines Inc. (NASDAQ:VBIV) is a Massachusetts-based biopharma company founded in 1965. VBI Vaccines Inc. (NASDAQ:VBIV) develops and sells vaccines to treat immuno-oncology and infectious disease. It offers Sci-B-Vac, a prophylactic hepatitis B vaccine. The company also develops VBI-2601, an immunotherapeutic candidate for the treatment of chronic HBV infection. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Perceptive Advisors is a leading shareholder in VBI Vaccines Inc. (NASDAQ:VBIV) with 1.3 million shares worth more than $814,000. 

At the end of the fourth quarter of 2023, 5 hedge funds in the database of Insider Monkey held stakes worth $1.2 million in VBI Vaccines Inc. (NASDAQ:VBIV), compared to 4 in the previous quarter worth $1.4 million.