5 Best Biotech Stocks To Buy Under $20

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In this article, we are going to take a closer look at five best biotech stocks to buy under $20. For a broader list of stocks and a more detailed analysis on the biotech industry, head over to 13 best biotech stocks to buy under $20.

5. Cogent Biosciences Inc (NASDAQ:COGT)

Price: $6.59

Nr of Hedge Funds Shareholders: 33

Cogent Biosciences Inc (NASDAQ:COGT) ranks fifth on our list of best biotech stocks to buy under $20. The company’s lead candidate is bezuclastinib, a selective tyrosine kinase inhibitor, which is studied for the treatment of systemic mastocytosis, a blood disorder that results in a build-up of too many mast cells. In December, the company presented data from one of its studies of bezuclastinib, which although showed an improvement, failed to differentiate bezuclastinib from Ayvakit, an existing on-market drug for mastocytosis. This year, Cogent Biosciences Inc (NASDAQ:COGT) plans to continue its trials on bezuclastinib in patients with mastocytosis, as well as, those suffering from Gastrointestinal Stromal Tumors.

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