5 Best Medical Stocks Under $5

In this piece, we will take a look at the five best medical stocks under $5. If you want a primer on the industry and more stocks, then head on over to 10 Best Medical Stocks Under $5.

5. Geron Corporation (NASDAQ:GERN)

Number of Hedge Fund Holders: 11

Geron Corporation (NASDAQ:GERN) is a biopharmaceutical company that is involved in the development of drugs for advanced blood cancers. These include fighting the spread of stem cells in blood cancer such as hematologic myeloid malignancies. It is based in Foster City, California, the United States.

Geron Corporation (NASDAQ:GERN) is witnessing strong interest and momentum for its blood cancer drug Imetelstat which stops the growth of malignant cells in the disease. This drug focuses on patients that continue to develop anemia after being treated with other drugs, and the market stands at a peak value of $1.2 billion.

Its phase 2 results show that the treatment’s effects last for 88 weeks, more than double the 33 weeks for its closest rival. The market is optimistic about Imetelstat’s potential, and Geron Corporation (NASDAQ:GERN)’s shares have rallied by 77% year to date. Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 12 had held a stake in the company.

Out of these, Peter Kolchinsky’s RA Capital Management is Geron Corporation (NASDAQ:GERN)’s largest investor. It owns 30 million shares that are worth $46 million.