5 Most Profitable Biotech Stocks To Invest In

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In this piece, we will take a look at the five most profitable biotech stocks to invest in. If you want to skip our overview of the global biotechnology industry and the latest trends, then you can take a look at the 12 Most Profitable Biotech Stocks To Invest In.

5. Amgen Inc. (NASDAQ:AMGN)

Number of Q4 2023 Hedge Fund Shareholders: 69

Latest TTM Net Income: $6.7 billion

Amgen Inc. (NASDAQ:AMGN) is an American firm headquartered in Thousand Oaks, California. The firm has been performing well on the financial front lately as it has beaten analyst EPS estimates in all four of its latest quarters.

During Q4 2023, 69 out of the 933 hedge funds tracked by Insider Monkey had bought Amgen Inc. (NASDAQ:AMGN)’s shares. Josh Overdeck and David Siegel’s Two Sigma Advisors was the biggest shareholder due to its $333 million stake.

Follow Amgen Inc (NASDAQ:AMGN)

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