Biotech Boom: Stocks Skyrocketing & What’s Next

Biotech Boom: Stocks Skyrocketing & What's Next

Biotech Boom: Stocks Skyrocketing & What’s Next Hosted by MarketBeat StaffMarch 5, 2024 Share Share Play video for Biotech Boom: Stocks Skyrocketing & What’s NextDetailsGuestsFrom the surging trend in weight loss megatrends to the innovative strides in smart chemotherapy, Dylan Jovine from Behind The Markets breaks down the shifts he’s observed. We delve into the burgeoning weight loss market led by giants like Eli Lilly and Novo Nordisk, and the strategic acquisitions by big pharma to incorporate breakthrough weight loss drugs into their portfolios. Dylan also shares his golden rules for evaluating biotech stocks, emphasizing the importance of late-stage companies, strategic partnerships, and experienced management. Furthermore, we explore the emerging areas within biotech, notably the revolutionary smart chemo, and discuss the financial health and future prospects of biotech companies. Despite the risks and challenges facing the industry, including a shortfall in private funding, Dylan’s insights provide valuable guidance for investors navigating this rapidly evolving sector.Stocks Mentioned in This EpisodeCompanyMarketRank™Current PriceDividend YieldP/E RatioLLYEli Lilly and Company4.8933 of 5 stars$777.43-0.3%0.67%134.04NVONovo Nordisk A/S2.8461 of 5 stars$135.60+8.7%0.46%50.13IMGNImmunoGen3.1624 of 5 stars$31.230%N/A-100.74GSKGSK2.9334 of 5 stars$43.70+2.5%3.64%14.52BMYBristol-Myers Squibb4.5667 of 5 stars$53.360.0%4.50%13.82AZNAstraZeneca2.9571 of 5 stars$65.84+0.9%2.93%34.29IOVAIovance Biotherapeutics4.7593 of 5 stars$17.00-0.9%N/A-9.04 Compare These Stocks Add These Stocks to My Watchlist Laycee Kluin, HostDigital Marketing Strategist, MarketBeatAs MarketBeat’s Digital Marketing Strategist, Laycee helps with the marketing side of tasks including developing email campaigns, running the promotion of the MarketBeat products and exploring social media opportunities. She felt called to the Marketing industry because she enjoys collaborating with people and making connections. The University of Sioux Falls alum majored in Media Studies with minors in Communications and Spanish. Laycee brings a background in Financial Services Marketing.Previous VideoAll VideosNext Video Subscribe on YouTube Don’t Miss a Video Subscribe to watch the latest stock market videos from MarketBeat. We empower investors to make better trading decisions by providing real-time financial data and objective market analysis. 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