7 Most Promising Biotech Stocks to Buy According to Hedge Funds

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1. Insmed Incorporated (NASDAQ:INSM)

Number of Hedge Fund Holdings: 82

In the second quarter, Public Employees Retirement System of Ohio acquired a new stake in Insmed Incorporated (NASDAQ:INSM) through the purchase of 55,425 shares. According to a recent disclosure with the SEC, the fund’s investment in the company amounts to approximately $5,578,000.

During the presentation at the Morgan Stanley 23rd Annual Global Healthcare Conference, management revealed that Insmed Incorporated (NASDAQ:INSM) witnessed an exceptionally strong 18 months. With the market value growth of about $27 billion, the company maintains its focus on three key franchises, as they call it: ARIKAYCE, brensocatib, and TPIP.

While offering multibillion-dollar compounds, each of these candidates strengthens the company’s business mix. One area Insmed Incorporated (NASDAQ:INSM) is an expert at is identifying an unmet need and then delivering of its top-tier medicines. So, with a characteristic like this, the company is poised for long-term growth.

Insmed Incorporated (NASDAQ:INSM), headquartered in Bridgewater, New Jersey, specializes in therapies for patients with serious and rare diseases. Founded in 1988, the company is committed to transforming the lives of its patients.

While we acknowledge the potential of INSM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INSM and that has 100x upside potential, check out our report about this cheapest AI stock.

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