5 Best Biotech Stocks To Buy For 2021

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1. Incyte Corporation (NASDAQ: INCY)

Incyte (NASDAQ: INCY) is a US-based pharma company that focuses on the development and manufacture of therapeutics. It has a modest market cap of $18 billion but generates over $2 billion in revenue annually. The firm is known for making an inhibitor that controls certain enzymes in the human body. The company also makes a drug that is used to treat leukemia. It has also recently got a lymphoma treatment approved by regulators.  It tops our list of best biotech stocks to buy for 2021.

Last month, the company announced that it had reached an agreement with the European Union for the distribution of the Pemazyre drug in the continent. The drug is used to treat adults with locally advanced or metastatic cholangiocarcinoma. The firm is also well known for producing the drug Jakafi, which is used in chemotherapy but also injected for rare blood diseases and for skin diseases.

You can also take a peek at 10 Best Battery Stocks to Buy Now and 12 Most Famous Companies That Went Private.

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