5 Cheap Pharmaceutical Stocks to Watch

3. Citius Pharmaceuticals Inc (NASDAQ: CTXR)

Number of Hedge Fund Holders: 3
Stock Price as of September 27: $2.09

Citius is one of the best cheap stocks to buy for long-term growth. Citius Pharmaceuticals, Inc. (NASDAQ: CTXR) develops and markets drugs for critical care.

On September 7, Citius Pharmaceuticals, Inc. (NASDAQ: CTXR) announced that it had signed an agreement with Dr. Reddy’s Laboratories for exclusive licensing of E7777, an oncology immunotherapy for the treatment of cutaneous T-cell lymphoma.

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in Citius Pharmaceuticals, Inc. (NASDAQ: CTXR) with 1.8 million shares worth more than $6.6 million.