5 Best Rising Penny Stocks To Buy

2. Mersana Therapeutics Inc (NASDAQ:MRSN)

Number of Hedge Fund Investors: 20

Insider Monkey’s database of 933 hedge funds updated as of the end of 2023 shows that 20 funds had stakes in  Mersana Therapeutics Inc (NASDAQ:MRSN). The stock has gained about 22% over the past one month.

Last month, Mersana Therapeutics Inc (NASDAQ:MRSN) reported enrollment in dose escalation and backfill cohorts continuing in Phase 1 clinical trial of XMT-1660, Dolasynthen B7-H4 ADC. Mersana Therapeutics Inc (NASDAQ:MRSN) expects to initiate expansion in Q2 2024 and announce initial clinical data in mid-2024.