5 Best Biotech Penny Stocks to Invest In

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1. Emergent BioSolutions Inc. (NYSE:EBS)

Number of Hedge Fund Holders: 15 

Emergent BioSolutions Inc. (NYSE:EBS) is a life sciences company that provides preparedness and response solutions for accidental, deliberate, and naturally occurring public health threats in the United States. The company offers NARCAN Nasal Spray for the emergency treatment of known or suspected opioid overdose, as well as the Vaxchora vaccine for the prevention of cholera.

Among the hedge funds being tracked by Insider Monkey, New Jersey-based investment firm Millennium Management is a leading shareholder in Emergent BioSolutions Inc. (NYSE:EBS) with 2 million shares worth more than $5 million.  

At the end of the fourth quarter of 2023, 15 hedge funds in the database of Insider Monkey held stakes worth $16 million in Emergent BioSolutions Inc. (NYSE:EBS), the same as in the preceding quarter worth $26 million. 

You can also take a peek at 20 Most Owned Stocks by Hedge Funds Now and 11 Fastest Growing AI Stocks To Invest In Now.

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