7 Best Mid-Cap Healthcare Stocks To Buy Now

1. Cytokinetics, Incorporated (NASDAQ:CYTK)

Number of Hedge Fund Holders: 82

Cytokinetics, Incorporated (NASDAQ:CYTK) is a California-based late-stage biopharmaceutical company that discovers, develops, and commercializes muscle activators and inhibitors for the treatment of debilitating diseases. The company tops our list of the best mid-cap healthcare stocks to buy now.

On May 22, Cytokinetics, Incorporated (NASDAQ:CYTK) announced that it expanded its partnership with Royalty Pharma plc (NASDAQ:RPRX) through a strategic funding collaboration of nearly $575 million. The collaboration will provide capital for the commercialization and development of Aficamten, the company’s cardiac myosin inhibitor. The funding will support the company’s expanding cardiovascular pipeline and provide it with diversified access to capital.

Cytokinetics, Incorporated (NASDAQ:CYTK) was part of 82 hedge funds’ portfolios in the first quarter with a total stake value of $1.58 billion. Marshall Wace LLP is the top investor in the company and has a position worth $179.257 million as of Q1.

Carillon Tower Advisers stated the following regarding Cytokinetics, Incorporated (NASDAQ:CYTK) in its fourth quarter 2023 investor letter:

“Cytokinetics, Incorporated (NASDAQ:CYTK) is a clinical-stage biopharmaceutical company focusing on the discovery and development of therapeutic agents that modulate muscle function for the treatment of diseases and medical conditions. The company reported success in clinical trials for Aficamten, a treatment for symptomatic obstructive hypertrophic cardiomyopathy. Investors are optimistic about the prospects for this medication, which could turn out to be a safer, more effective alternative to the current market leader.”

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