5 Best Performing Biotech Stocks in 2023

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1. Soleno Therapeutics, Inc. (NASDAQ:SLNO)

Year To Date Share Price Gains: 1,023%

Soleno Therapeutics, Inc. (NASDAQ:SLNO) is a biotechnology firm developing treatments for Prader-Willi Syndrome. Its shares are rated Strong Buy on average, and September 2023 proved to be a great month for the stock as Oppenheimer and Cantor Fitzgerald rated the shares as Outperform and Overweight, respectively.

Five out of the 910 hedge funds part of Insider Monkey had held a stake in the firm as of Q2 2023. Joseph Edelman’s Perceptive Advisors is Soleno Therapeutics, Inc. (NASDAQ:SLNO)’s largest shareholder among these, owning 2.2 million shares that are worth $9.4 million.

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