Biotechnology stocks have been hot investment commodities over the last few years, and as the field of genetics continues to make strides, the stocks associated with it can be expected to generate huge returns in upcoming year. As such, Nasdaq genetics stocks for 2023 have been at the top of many investors’ lists. In this article, we take a look at the top 5 Nasdaq genetics stocks for 2023 and how they are expected to perform.
The first company on our list is one of the biggest players in the biotechnology industry; Crispr Therapeutics (CPRT). Crispr is a world leader in gene editing technology and has a wide range of applications, including cancer, heart disease and eye diseases. Their gene editing platforms allow researchers to target specific genes and modify them to treat various medical conditions. In addition to medical treatments, their technology can also be used in agriculture, allowing researchers to create more sustainable, productive crops and livestock. With their wide range of applications and a bright future in the genetics field, Crispr is expected to be a great investment for the upcoming year.
Next on our list is Regeneron Pharmaceuticals (REGN), a biotechnology powerhouse that develops treatments for serious medical conditions like cancer and Alzheimer’s disease. They recently created a breakthrough drug called Libtayo that is used to treat skin cancer, and their new drug Dupixent is showing promise in the treatment of severe asthma and other respiratory diseases. As they already have some blockbuster drugs on the market and a slew of potential new drugs in the pipeline, Regeneron is expected to generate strong returns for investors in the upcoming year.
Number three on our list is Inovio Pharmaceuticals (INO), which has continued to make waves in the biotechnology field with its Prodigy DNA vaccine platform. This technology allows researchers to develop vaccines against many infectious diseases, including Zika Virus, influenza, and even HPV. As more and more diseases and viruses become resistant to existing treatments, Inovio’s Prodigy DNA vaccine platform has the potential to revolutionize the treatment of these diseases in the future. With their robust technology and a potential blockbuster vaccine in the pipeline, Inovio is an excellent Nasdaq genetics stock for 2023.
Fourth on our list is Intellia Therapeutics (NTLA), a gene-editing company that focuses on curing genetic diseases. Their platform, called LNP, uses a unique method of gene editing that allows researchers to cut out a single defective gene and replace it with a corrected one. Intellia’s technology has already had success in treating rare diseases such as hemophilia and Parkinson’s, and could potentially be used in the treatment of other illnesses such as cystic fibrosis and Huntington’s. With their breakthrough platform and promising pipeline, Intellia is sure to generate profits for investors in the coming year.
Last on our list is Editas Medicine (EDIT). Editas is a gene-editing company that has made major strides in genetic therapy. Their platform, called CRISPR-Cas9, uses a virus to transport genetic material into cells, allowing them to modify DNA in order to treat diseases such as Angelman Syndrome and Leber congenital amaurosis. With their powerful technology and promising pipeline, Editas is sure to be a top Nasdaq genetics stock for 2023.
These five Nasdaq genetics stocks have all made major strides in the field and have strong potential to provide investors with returns in the coming year. With the ongoing efforts to find treatments for diseases and a promising technological landscape, these stocks can be expected to make further progress in 2023. With these five stocks and their potential for future success, investors should be confident in their decisions for the upcoming year.