5 Best Biotech Stocks Under $5

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In this article, we will discuss the 5 best biotech stocks under $5 in 2021. If you want to read our comprehensive analysis of the biotech sector, go directly to the 10 Best Biotech Stocks Under $5.

5. NuCana plc (NASDAQ:NCNA)

Number of Hedge Fund Holders: 7

Price as of October 14, 2021: $2.74

NuCana plc (NASDAQ:NCNA) is a UK-based biotech company focused on discovering treatments for different types of cancer. The company has its proprietary ProTide technology that has played an integral part in the development of notable antiviral drugs like sofosbuvir by Gilead Sciences, Inc. (NASDAQ:GILD).

In addition to this, the FDA gave fast track designation to NuCana’s Acelarin (NUC-1031) as the first line of treatment for patients with advanced biliary tract cancer. Although the drug is in Phase 3 study, the Fast Track status is granted to drugs that are viable and cater to serious medical needs. As a result of this grant, NuCana plc’s (NASDAQ:NCNA) stock saw a surge of 21% in premarket trading.

The consensus price target for NuCana plc (NASDAQ:NCNA) among the four analysts providing 12-month predictions is $20.14. 

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