5 Best Biotech Stocks to Buy Under $10

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01. TG Therapeutics, Inc. (NASDAQ:TGTX)

Number of Hedge Fund Holders as of Q3, 2022: 24

Share Price as of December 19: $7.92

Topping our list of 12 best biotech stocks to buy under $10 is TG Therapeutics, Inc. (NASDAQ:TGTX). The company was incorporated in 1993 and is based in New York, New York. TG Therapeutics, Inc. (NASDAQ:TGTX) is a commercial-stage biopharmaceutical company that focuses on the acquisition, development, and commercialization of novel treatments for B-cell malignancies and autoimmune diseases. The company has strategic alliances with LFB Biotechnologies S.A.S; GTC Biotherapeutics; LFB/GTC LLC; Ildong Pharmaceutical Co. Ltd.; and Rhizen Pharmaceuticals, S A.

TG Therapeutics is getting close to meeting its Prescription Drug User Fee Act (PDUFA) goal date of December 28, 2022, for ublituximab to treat relapsing forms of multiple sclerosis (RMS). According to experts, the FDA will approve ublituximab for RMS, and by the end of 2024, sales of the drug might reach $1 billion.

At the close of Q3 2022, 24 hedge funds were long TG Therapeutics, Inc. (NASDAQ:TGTX) and held stakes worth $148.17 million in the company. Of those, Lee Ainslie’s Maverick Capital was the top shareholder in the company, with stakes worth $45.59 million.

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