5 Best Debt Free Penny Stocks To Buy Now

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1. YS Biopharma Co., Ltd. (NASDAQ:YS)

Number of Hedge Fund Shareholders: 14

Value of Hedge Funds’  Holdings: $4.43 million

Easily topping the list of debt free penny stocks to buy now according to hedge funds is YS Biopharma Co., Ltd. (NASDAQ:YS),which was owned by more than twice as many funds on September 30 as any other stock that made this list. Samuel Isaly’s OrbiMed Advisors held the largest stake in YS among those funds, with more than 4.54 million shares of the company in its 13F portfolio.

YS Biopharma Co., Ltd. (NASDAQ:YS), a Beijing-based biopharmaceutical company, has raised more than $200 million from several industry-focused investment firms, including the aforementioned OrbiMed Advisors, giving the company a lengthy runway as it continues to develop its Hepatitis B Virus immunotherapy vaccine PIKA YS-HBV-002.

YS Biopharma Co., Ltd. (NASDAQ:YS) has acquired a U.S. patent for the treatment, which has the potential to be a game changer in treating Hepatitis B, for which there are currently few good options. The Chinese company is likely to pursue an Investigational New Drug application in the near future, with the ultimate goal of launching a clinical trial for PIKA YS-HBV-002 at some point next year.

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