5 Best Strong Buy Penny Stocks to Invest In Now

In this article, we will list the 5 Best Strong Buy Penny Stocks to Invest In Now. Please visit 12 Best Strong Buy Penny Stocks to Invest In Now if you would like to see the extended list and the methodology behind it.

5. Prime Medicine, Inc. (NASDAQ:PRME)

Number of Hedge Fund Holders: 23

Prime Medicine, Inc. (NASDAQ:PRME) is one of the best strong buy penny stocks to invest in now. Prime Medicine, Inc. (NASDAQ:PRME) announced on July 8 a positive, binding resolution of its previously disclosed arbitration with Beam Therapeutics, Inc. relating to the parties’ 2019 Collaboration and License Agreement. The company reported that the Tribunal declared that PM647, which is the company’s investigational Prime Editing drug for Alpha-1 Antitrypsin Deficiency (AATD), is within its “Field” as defined by the Agreement, and that Prime Medicine, Inc. (NASDAQ:PRME) therefore did not breach the Agreement and does not owe monetary damages to Beam Therapeutics.

It further clarified that PM647 leverages Prime Medicine’s (NASDAQ:PRME) universal liver lipid nanoparticle to correct the E342K (Pi*Z) mutation in the SERPINA1 gene, which is the most prevalent disease-causing mutation in AATD. Treatment with PM647 in fully humanized mouse models attained high levels of editing efficiency and restored the corrected protein isoform (M-AAT) into the healthy human range at clinically relevant doses.

Prime Medicine, Inc. (NASDAQ:PRME) is a biotechnology company involved in the development of one-time curative genetic therapies.