5 Cheap Healthcare Stocks to Buy in 2023

2. Catalyst Biosciences, Inc. (NASDAQ:CBIO)

Latest P/E Ratio: 0.51

Catalyst Biosciences, Inc. (NASDAQ:CBIO) is a biopharmaceutical company that is headquartered in San Francisco, California. The firm develops treatments for eye diseases and other medical problems that result from inflammation, particularly in older adults.

Insider Monkey’s 943 hedge fund survey for last year’s fourth quarter found that five had invested in Catalyst Biosciences, Inc. (NASDAQ:CBIO).The firm scored a big win in February 2023 when a South Korean drug company acquired three of its treatments, one of which is for bleeding disorders and is currently in phase 3 trials.

Follow Gyre Therapeutics Inc. (NASDAQ:GYRE)