Is CRISPR Therapeutics Stock a Buy Now?
Over the past five years, CRISPR Therapeutics' (NASDAQ: CRSP) shares have significantly lagged broader equities. That's despite the company earning approval for its first commercialized medicine, Casgevy, in 2023. If this milestone did not help the biotech reverse course, is there still hope that CRISPR Therapeutics can turn things around? Let's find out whether it is worth buying the company's shares today.
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The biggest catalysts for smaller, clinical-stage biotechs tend to be clinical progress. By the time they launch their first medicines, long-term shareholders are already taking some profits. That partly explains why CRISPR Therapeutics' stock has been southbound, but there is more to the story. A strong commercial uptake for a new drug can also push a biotech's shares in the right direction. Unfortunately, Casgevy's progress so far hasn't exactly been impressive, even with help from Vertex Pharmaceuticals, with which CRISPR Therapeutics developed this therapy.
Source Fool.com
Vertex Pharmaceuticals Inc. Stock
The stock is an absolute favorite of our community with 47 Buy predictions and no Sell predictions.
With a target price of 461 € there is a positive potential of 24.7% for Vertex Pharmaceuticals Inc. compared to the current price of 369.7 €.
