5 Best Medical Stocks to Buy Under $10

2. Cogent Biosciences, Inc. (NASDAQ:COGT)

Share Price as of February 21: $8.43

Number of Hedge Fund Holders: 33

Cogent Biosciences, Inc. (NASDAQ:COGT) is a biotechnology company focused on developing precision therapies for genetically defined diseases.

On December 11, Cogent Biosciences, Inc. (NASDAQ:COGT) reported positive data from Part 1 of the company’s ongoing Phase 2 APEX clinical trial evaluating bezuclastinib in patients with advanced systemic mastocytosis. The company is actively enrolling patients in Part 2 of the Phase 3 registration-enabling PEAK trial in Gastrointestinal Stromal Tumors (GIST).

Cogent Biosciences, Inc. (NASDAQ:COGT) shares were owned by 33 prominent hedge funds tracked by Insider Monkey with a total value of $212 million, as of Q4 2023.