5 Best Biotech Stocks Under $6 in 2021

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In this article we will take a look at the 5 best biotech stocks under $6 in 2021. For a detailed analysis of the biotech industry, go directly to the 10 Best Biotech Stocks Under $6 in 2021.

5. Seelos Therapeutics, Inc. (NASDAQ: SEEL)

Number of Hedge Fund Holders: 4
Price as of April 19, 2021: $5.00 per share

Seelos Therapeutics, Inc. (NASDAQ: SEEL) is a New York-based biotech firm that develops and sells drugs related to treatment of the central nervous system, respiratory, and other disorders. The products that the company markets include SLS-002, an intranasal racemic ketamine for the treatment of acute suicidal ideation and behavior in patients with major depressive disorders. It also makes SLS-005, a protein stabilizer for the treatment of amyotrophic lateral sclerosis, and SLS-006, a dopamine for Parkinson’s disease. 

The company has a market cap of more than $411 million and posted an annual revenue of more than $375,000 in the fourth quarter of 2019. It was founded in 2016 and is placed fifth on our list of 10 best biotech stocks under $6 in 2021. Out of the hedge funds being tracked by Insider Monkey, New York-based Renaissance Technologies holds the most shares in the firm – 702,486 – worth more than $1.1 million. Citadel Investment Group was second on the list with 77,814 shares worth $0.12 million.

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