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Biotech Stocks To Consider - September 9th

Tourmaline Bio logo with Medical background

Key Points

  • Bristol Myers Squibb has made significant moves in the biotech sector, acquiring companies in deals worth $18.1 billion.
  • The article highlights five biotech stocks to watch, including Tourmaline Bio, known for its innovative treatments for autoimmune diseases, and Alnylam Pharmaceuticals, recognized for its RNA interference therapies.
  • AbbVie continues to expand its pharmaceutical portfolio with treatments for various conditions, including blood cancers and autoimmune diseases, showcasing its position in the market.
  • Five stocks we like better than Tourmaline Bio.

Tourmaline Bio, Alnylam Pharmaceuticals, Bloom Energy, Thermo Fisher Scientific, and AbbVie are the five Biotech stocks to watch today, according to MarketBeat's stock screener tool. Biotech stocks are shares of companies that use biological processes—such as genetic engineering, molecular biology, and cell culture—to develop drugs, therapies, diagnostics and other life-science products. Because these firms often incur high research-and-development costs and must navigate complex regulatory approvals, their share prices can be quite volatile. However, successful clinical trials or approvals can lead to substantial returns for investors. These companies had the highest dollar trading volume of any Biotech stocks within the last several days.

Tourmaline Bio (TRML)

Tourmaline Bio, Inc. operates as a clinical biotechnology company that develops medicines for patients with life-altering immune and inflammatory diseases. It develops TOUR006, a human anti-IL-6 monoclonal antibody that selectively binds to interleukin-6, a key proinflammatory cytokine involved in the pathogenesis of many autoimmune and inflammatory disorders.

Read Our Latest Research Report on TRML

Alnylam Pharmaceuticals (ALNY)

Alnylam Pharmaceuticals, Inc., a biopharmaceutical company, focuses on discovering, developing, and commercializing novel therapeutics based on ribonucleic acid interference. Its marketed products include ONPATTRO (patisiran) for the treatment of the polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults; AMVUTTRA for the treatment of hATTR amyloidosis with polyneuropathy in adults; GIVLAARI for the treatment of adults with acute hepatic porphyria; and OXLUMO for the treatment of primary hyperoxaluria type 1.

Read Our Latest Research Report on ALNY

Bloom Energy (BE)

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.

Read Our Latest Research Report on BE

Thermo Fisher Scientific (TMO)

Thermo Fisher Scientific Inc. provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the North America, Europe, Asia-Pacific, and internationally. The company's Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery, and production of drugs and vaccines, as well as diagnosis of infections and diseases; and solutions include biosciences, genetic sciences, and bio production to pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and government markets.

Read Our Latest Research Report on TMO

AbbVie (ABBV)

AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals worldwide. The company offers Humira, an injection for autoimmune and intestinal Behçet's diseases, and pyoderma gangrenosum; Skyrizi to treat moderate to severe plaque psoriasis, psoriatic disease, and Crohn's disease; Rinvoq to treat rheumatoid and psoriatic arthritis, ankylosing spondylitis, atopic dermatitis, axial spondyloarthropathy, ulcerative colitis, and Crohn's disease; Imbruvica for the treatment of adult patients with blood cancers; Epkinly to treat lymphoma; Elahere to treat cancer; and Venclexta/Venclyxto to treat blood cancers.

Read Our Latest Research Report on ABBV

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Should You Invest $1,000 in Tourmaline Bio Right Now?

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