5 Best Biotech Stocks Under $10

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In this article, we discuss the 5 best biotech stocks under $10. If you want to read our detailed analysis of the biotech stocks and the industry’s outlook, go directly to see the 10 Best Biotech Stocks Under $10

5. Mersana Therapeutics, Inc. (NASDAQ: MRSN)

Number of Hedge Fund Holders: 28

Mersana Therapeutics, Inc. (NASDAQ: MRSN) ranks fifth on our list of the best biotech stocks under $10. It is a biotechnology company that specializes in the discovery and development of antibody-drug conjugate (ADC) therapies for cancer patients. The company has headquarters in Massachusetts, U.S.

In August, H.C. Wainwright initiated its coverage on Mersana Therapeutics, Inc. (NASDAQ: MRSN) with a ‘Buy’ rating and a $28 price target, and sees 115% upside. The firm likes the company’s Dolaflexin platform that is meant to enhance the efficacy and safety of ADCs. In Q2 2021, Mersana Therapeutics, Inc. (NASDAQ: MRSN) reported Research and Development expenses of $32 million, up from $15.4 million during the same period last year. At the end of the quarter, the company had $227.4 million in cash and equivalents.

As of Q2 2021, 28 hedge funds tracked by Insider Monkey have positions in Mersana Therapeutics, Inc. (NASDAQ: MRSN), up from 25 in the previous quarter. The total value of these stakes is $294.7 million. VenBio Select Advisor is the company’s largest shareholder, with 6.8 million shares, worth $92.3 million.

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