InvestorWaves

Biotech Therapeutics

Biotech Therapeutics groups companies that discover and develop drug candidates using biologics, gene and cell therapies, RNA platforms, and specialty small molecules. Capital flows to this theme because scientific advances, regulatory support for rare and unmet indications, and deal activity with large pharmaceutical firms create high potential upside for clinical-stage successes.

1D-0.2%
1W+4.7%
1M-7.3%
3M+17.4%
6M+23.3%
1Y+161.6%

60 of 126 stocks are in a Stage 2 uptrend.

Equal-weighted index · 1 year+161.6%
100200300OCTJANAPRJUL

Stocks in this theme

TickerPrice1M3M1YStageTrendvs 52w high
IOVAIovance Biotherapeutics, Inc.$14.82+81.4%+273.3%+599.1%Stage 2 (extended)7/70%
MRNAModerna, Inc.$192.57+37.2%+165.6%+660.2%Stage 2 (extended)7/7-5.35%
KODKodiak Sciences Inc.$94.8+153.8%+154.6%+499.6%Stage 2 (extended)7/70%
ABCLAbCellera Biologics Inc.$14.59+27.1%+92.0%+207.8%Stage 2 (extended)7/7-1.55%
PGENPrecigen, Inc.$8.56+23.5%+63.0%+135.8%Stage 2 (extended)7/70%
AMLXAmylyx Pharmaceuticals, Inc.$29.1-13.8%+62.1%+95.3%Stage 2 (extended)6/7-26.63%
HALOHalozyme Therapeutics, Inc.$110.4+3.7%+43.4%+50.6%Stage 2 (extended)7/7-4.18%
ZLABZai Lab Ltd$26.34+3.5%+37.5%-16.7%Stage 2 (continuation)7/7-23.52%
HCMHUTCHMED (China) Ltd$14.63+20.7%+35.7%-6.6%Stage 34/7-10.74%
CORTCorcept Therapeutics Inc$115.23+1.7%+30.2%+37.3%Stage 2 (extended)7/7-6.75%
TARSTarsus Pharmaceuticals, Inc.$78.61+5.9%+29.1%+35.4%Stage 36/7-13.41%
GMABGenmab A/S$35.67+7.6%+29.1%+21.6%Stage 36/70%
ONCBeOne Medicines Ltd.$365.94+1.8%+25.9%+9.9%Stage 36/7-3.05%
BHCBausch Health Companies Inc.$5.83-8.5%+22.2%-9.9%Stage 34/7-26.2%
REGNRegeneron Pharmaceuticals, Inc.$758.27-5.1%+21.4%+35.2%Stage 36/7-11%
PFEPfizer Inc$28.52+0.2%+19.4%+20.0%Stage 36/7-1.72%
BLTEBelite Bio, Inc$169.82+9.1%+19.3%+132.6%Stage 36/7-12.29%
KNSAKiniksa Pharmaceuticals International, plc$74.61-5.1%+18.6%+92.4%Stage 2 (continuation)7/7-7.8%
GILDGilead Sciences, Inc.$149.05+1.9%+18.3%+32.4%Stage 2 (re-acceleration)7/7-4.33%
SMMTSummit Therapeutics Inc.$16.91+24.2%+17.6%-19.3%Stage 13/7-35.9%
AMGNAmgen Inc$421.51-1.9%+16.7%+53.9%Stage 2 (continuation)7/7-5.09%
ADMAAdma Biologics, Inc.$10.03+6.8%+16.5%-31.8%Stage 12/7-50.79%
MRKMerck & Co., Inc.$145.31-1.7%+15.9%+84.9%Stage 2 (continuation)7/7-7.12%
TAKTakeda Pharmaceutical Co Ltd$18.19+1.2%+13.5%+24.2%Stage 2 (re-acceleration)7/7-4.51%
PTGXProtagonist Therapeutics, Inc$140.89-4.6%+12.6%+116.3%Stage 2 (continuation)7/7-11.18%
VRDNViridian Therapeutics, Inc.\DE$20.59-11.1%+12.1%+2.0%Stage 32/7-39.05%
BMYBristol Myers Squibb Co$62.4-6.6%+10.6%+41.3%Stage 17/7-8.36%
VTRSViatris Inc$17.72+7.3%+9.5%+86.7%Stage 2 (continuation)7/7-3.01%
RVMDRevolution Medicines, Inc.$205.26-0.1%+9.5%+345.5%Stage 2 (continuation)7/7-7.19%
HRMYHarmony Biosciences Holdings, Inc.$39.26-0.3%+9.1%+42.0%Stage 2 (continuation)6/7-8.4%
EXELExelixis, Inc.$58.41+6.9%+8.3%+44.0%Stage 2 (continuation)7/7-1.22%
BIIBBiogen Inc.$225.88+4.3%+7.7%+63.1%Stage 2 (continuation)7/7-1.23%
URGNUroGen Pharma Ltd.$40.63-5.7%+7.1%+112.3%Stage 2 (continuation)7/7-19.21%
INSMINSMED Inc$114.14-6.3%+6.7%-19.4%Stage 40/7-46.01%
INCYIncyte Corp$121.35-1.5%+6.6%+44.6%Stage 2 (continuation)7/7-6.6%
IDYAIDEAYA Biosciences, Inc.$38.42-4.2%+6.2%+41.3%Stage 16/7-9.56%
ARGXArgenx Se$958.91-7.0%+5.4%+33.4%Stage 2 (continuation)7/7-9.44%
VRTXVertex Pharmaceuticals Inc / Ma$522.81-4.0%+5.0%+32.3%Stage 2 (continuation)7/7-6.3%
MBXMBX Biosciences, Inc.$58.62-4.8%+4.8%+226.8%Stage 2 (continuation)7/7-17.09%
BNTXBioNTech SE$98.3-3.3%+4.7%+0.2%Stage 14/7-17.63%
TVTXTravere Therapeutics, Inc.$58.88-11.2%+4.5%+144.9%Stage 2 (continuation)7/7-12.8%
ROIVRoivant Sciences Ltd.$36.57+5.6%+4.4%+142.2%Stage 2 (continuation)7/7-12.53%
TGTXTg Therapeutics, Inc.$55.78+2.7%+4.2%+51.5%Stage 2 (continuation)7/7-5.55%
ABBVAbbVie Inc.$261.59+2.0%+4.2%+17.2%Stage 2 (continuation)7/7-1.76%
MESOMesoblast Ltd$14.65-12.6%+4.0%-8.6%Stage 40/7-30.1%
BMRNBiomarin Pharmaceutical Inc$60-8.0%+3.8%+11.1%Stage 2 (continuation)6/7-14.58%
EWTXEdgewise Therapeutics, Inc.$40.6-2.8%+3.7%+157.8%Stage 2 (continuation)7/7-16.03%
NUVBNuvation Bio Inc.$5.6-15.9%+3.3%+73.9%Stage 33/7-41.3%
GRFSGrifols SA$7.31-5.3%+3.3%-25.1%Stage 40/7-27.05%
ZYMEZymeworks Inc.$26.49-9.9%+3.0%+59.6%Stage 2 (re-acceleration)7/7-14.69%
IBRXImmunityBio, Inc.$9.44+18.7%+2.6%+277.6%Stage 2 (extended)7/7-18.27%
AUPHAurinia Pharmaceuticals Inc.$16.2+0.5%+2.5%+46.4%Stage 2 (re-acceleration)7/7-13.02%
ARQTArcutis Biotherapeutics, Inc.$26.43+10.3%+2.3%+41.9%Stage 35/7-15.29%
OGNOrganon & Co.$13.7-0.5%+1.9%+32.2%Stage 2 (continuation)7/7-0.58%
RLAYRelay Therapeutics, Inc.$18.05-1.8%+1.6%+247.8%Stage 17/7-13.01%
SYRESpyre Therapeutics, Inc.$89.03-0.3%+0.2%+444.2%Stage 2 (continuation)7/7-18.26%
LGNDLigand Pharmaceuticals Inc$312.37+9.9%+0.1%+84.0%Stage 2 (continuation)7/7-3.17%
SRPTSarepta Therapeutics, Inc.$18.22-13.4%+0.1%-3.2%Stage 31/7-25.48%
IMNMImmunome Inc.$21.51-21.5%+0.1%+89.7%Stage 14/7-27.88%
CGONCG Oncology, Inc.$70.89-5.7%+0.0%+81.4%Stage 2 (re-acceleration)7/7-12.13%
PVLAPalvella Therapeutics, Inc.$137.93-9.6%-0.2%+121.6%Stage 2 (continuation)7/7-12.77%
NRIXNurix Therapeutics, Inc.$23.71-8.0%-0.8%+155.5%Stage 2 (continuation)7/7-14.68%
SNYSanofi$41.23-7.1%-1.0%-9.7%Stage 41/7-21.23%
UTHRUNITED THERAPEUTICS Corp$541.89+6.2%-1.0%+27.7%Stage 2 (re-acceleration)6/7-9.19%
MDGLMadrigal Pharmaceuticals, Inc.$503.96-6.7%-2.0%+13.7%Stage 32/7-16.4%
KYMRKymera Therapeutics, Inc.$111.79-5.9%-2.1%+91.1%Stage 2 (continuation)7/7-12.19%
PCVXVaxcyte, Inc.$56.9-6.3%-2.1%+67.5%Stage 2 (re-acceleration)7/7-10.11%
DNTHDianthus Therapeutics, Inc. /DE/$88.05-16.6%-2.4%+122.6%Stage 16/7-24.07%
JAZZJazz Pharmaceuticals plc$231.52-7.6%-2.5%+79.5%Stage 2 (continuation)7/7-11.51%
ZBIOZenas BioPharma, Inc.$26.97-16.6%-3.7%+31.1%Stage 2 (continuation)4/7-37.53%
NKTRNektar Therapeutics$60.55-15.2%-6.0%+2.8%Stage 13/7-39.66%
ELVNEnliven Therapeutics, Inc.$45.84-20.8%-6.0%+125.8%Stage 2 (re-acceleration)6/7-25.04%
GSKGSK plc$48.17-4.1%-6.1%+17.2%Stage 12/7-21.27%
MLYSMineralys Therapeutics, Inc.$25.13-2.1%-6.5%-36.1%Stage 40/7-46.9%
PHVSPharvaris N.V.$31.72-8.3%-6.6%+31.3%Stage 2 (continuation)7/7-18.37%
TLXTelix Pharmaceuticals Ltd$10.97-1.1%-7.3%+10.9%Stage 2 (continuation)7/7-14.5%
SUPNSupernus Pharmaceuticals, Inc.$43.04-1.6%-7.5%-8.5%Stage 41/7-24.49%
NVSNovartis Ag$142.57-6.2%-7.5%+14.9%Stage 13/7-15.45%
SRRKScholar Rock Holding Corp$48.32-14.9%-8.6%+26.0%Stage 15/7-19.52%
PRAXPraxis Precision Medicines, Inc.$291.23-16.9%-8.9%+456.0%Stage 15/7-24.62%
KRYSKrystal Biotech, Inc.$332.56-7.5%-10.5%+88.2%Stage 2 (continuation)7/7-12.06%
RCUSArcus Biosciences, Inc.$25.83-11.8%-10.7%+93.9%Stage 2 (re-acceleration)7/7-18.18%
ORKAOruka Therapeutics, Inc.$83.29-10.1%-10.7%+331.8%Stage 2 (continuation)6/7-26.34%
INDVIndivior Pharmaceuticals, Inc.$35.85+2.6%-10.9%+48.8%Stage 16/7-14.3%
VCELVericel Corp$40.14+0.6%-11.1%+26.3%Stage 17/7-16.91%
IMVTImmunovant, Inc.$33.78-17.3%-11.4%+110.3%Stage 2 (re-acceleration)7/7-24.87%
BBIOBridgeBio Pharma, Inc.$65.8-14.1%-11.7%+26.6%Stage 12/7-27.03%
CLDXCelldex Therapeutics, Inc.$32.41-18.2%-11.9%+24.0%Stage 15/7-27.77%
AZNAstrazeneca PLC$161.47-0.4%-12.2%+9.5%Stage 41/7-22.92%
DFTXDefinium Therapeutics, Inc.$38.06-4.2%-12.3%+256.7%Stage 2 (continuation)7/7-21.44%
IRONDisc Medicine, Inc.$65.46-16.8%-12.7%+0.6%Stage 41/7-30.44%
TNGXTango Therapeutics, Inc.$24.95+9.2%-13.2%+192.5%Stage 2 (re-acceleration)7/7-24.16%
BCRXBiocryst Pharmaceuticals Inc$8.33-14.1%-13.7%+8.9%Stage 14/7-25.02%
RAPPRapport Therapeutics, Inc.$33.6-31.0%-14.7%+20.1%Stage 14/7-36%
ASNDAscendis Pharma A/S$227.83-13.4%-14.9%+18.9%Stage 14/7-17.8%
BHVNBiohaven Ltd.$13.35-12.6%-15.3%-8.9%Stage 2 (continuation)6/7-26.28%
NBIXNeurocrine Biosciences Inc$141.84-7.9%-15.5%+1.1%Stage 14/7-23.54%
SLSSELLAS Life Sciences Group, Inc.$12.31-6.8%-16.6%+664.6%Stage 2 (extended)7/7-20.38%
COGTCogent Biosciences, Inc.$32.02-8.5%-16.8%+126.6%Stage 11/7-25.26%
ERASErasca, Inc.$14.66-18.0%-18.2%+709.9%Stage 15/7-34.76%
ALNYAlnylam Pharmaceuticals, Inc.$246.74+2.5%-18.2%-44.9%Stage 40/7-49.77%
ARWRArrowhead Pharmaceuticals, Inc.$65.45-20.6%-18.6%+93.8%Stage 14/7-26.94%
TRVITrevi Therapeutics, Inc.$14.32-13.7%-18.7%+60.0%Stage 15/7-26.56%
OCULOcular Therapeutix, Inc$7.67-26.9%-19.0%-37.3%Stage 41/7-52.39%
ACADAcadia Pharmaceuticals Inc$20.15-30.3%-20.0%-5.5%Stage 12/7-34.09%
PTCTPtc Therapeutics, Inc.$64.78-6.8%-20.4%+6.8%Stage 40/7-27.66%
DNLIDenali Therapeutics Inc.$20.67-13.0%-20.4%+48.2%Stage 15/7-24.04%
STOKStoke Therapeutics, Inc.$26-16.7%-20.5%+5.1%Stage 40/7-32.2%
NBTXNanobiotix S.A.$31.16-23.3%-21.1%+72.9%Stage 14/7-43.42%
ALKSAlkermes plc.$40.52-13.8%-21.7%+45.3%Stage 15/7-26.62%
RGCRegencell Bioscience Holdings Ltd$6.22+12.9%-22.5%-62.0%Stage 41/7-88.24%
CYTKCytokinetics Inc$65.91-7.0%-22.7%+22.3%Stage 14/7-24.47%
AXSMAxsome Therapeutics, Inc.$184.39-7.1%-23.4%+56.8%Stage 14/7-27.74%
CELCCelcuity Inc.$79.52-10.7%-23.9%+52.7%Stage 41/7-45.15%
VERAVera Therapeutics, Inc.$32.29-5.3%-24.3%+11.7%Stage 41/7-42%
ABVXAbivax S.A.$99.02-11.4%-25.3%+18.8%Stage 11/7-31.86%
DYNDyne Therapeutics, Inc.$16.11-36.6%-26.1%+30.2%Stage 12/7-39.84%
NAMSNewAmsterdam Pharma Co N.V.$24.32-4.0%-28.2%-7.5%Stage 40/7-41.33%
MIRMMirum Pharmaceuticals, Inc.$85.48-12.8%-29.0%+17.3%Stage 13/7-33.51%
LEGNLegend Biotech Corp$19.89-4.3%-33.5%-39.5%Stage 11/7-45.18%
XENEXenon Pharmaceuticals Inc.$37.19-38.2%-38.3%-4.8%Stage 13/7-47.59%
IONSIonis Pharmaceuticals Inc$44.65-26.0%-43.6%-30.4%Stage 40/7-48.38%
QUREuniQure N.V.$24.16-50.4%-46.5%-59.3%Stage 14/7-65.77%
RAREUltragenyx Pharmaceutical Inc.$15.03-40.4%-53.6%-50.5%Stage 40/7-58.87%
LQDALiquidia Corp$30.26-55.6%-61.9%+32.7%Stage 14/7-66.76%
ALMSAlumis Inc.$7.39-66.1%-72.3%+87.1%Stage 13/7-75.61%

Deep dive

This theme covers firms focused on therapeutic innovation rather than broad healthcare services. Included names range from platform builders that create delivery or discovery tools to clinical-stage developers pursuing treatments for oncology, rare genetic disorders, neurological conditions, and immunologic diseases. Examples span mRNA and vaccine platforms, antibody discovery and engineering, gene and cell therapy developers, RNA-targeting companies, and traditional small-molecule biopharma.

Demand for biotech therapeutics comes from several concrete drivers. Scientific advances in mRNA chemistry, viral vectors, antibody engineering, and targeted small molecules lower the technical barriers to new modalities. Continued unmet medical need in oncology, rare disease, and chronic conditions creates a market for differentiated therapies, while regulatory pathways and incentives for orphan and breakthrough-designated programs shorten time to market for some candidates. Partnerships, licensing deals, and acquisitions by large pharmaceutical firms move capital into companies that hold promising science or platforms.

The value chain splits into distinct roles. Discovery and platform companies build tools and libraries that accelerate target identification and antibody or cell engineering; AbCellera, Relay, and computational drug-discovery firms fit this role. Small and mid-size biotech companies focus on preclinical work and early-stage clinical trials where clinical data define value; examples include firms pursuing novel small molecules, biologics, or cell therapies. Platform developers and manufacturers address delivery and scale-up challenges — mRNA and viral-vector specialists illustrate this need — while large pharmaceutical companies typically take on late-stage development, regulatory filing, commercialization, and global distribution.

Whether the theme continues to attract capital depends on clinical results, regulatory decisions, and the commercial environment. Positive trial outcomes and clear safety profiles lead to licensing deals, acquisitions, and commercialization, while late-stage failures or safety concerns reduce investor interest. Manufacturing scale-up and supply reliability matter for modalities that require complex production. Payers and pricing decisions shape commercial return after approval, and intellectual property plus partner arrangements influence how value transfers across the sector.

GMABGenmab A/SGenmab is emerging as a Biotech Therapeutics leader as sustained institutional accumulation and strong relative strength have pushed shares near a 52-week high in a confirmed uptrend.Sep 27ARGXArgenx SeArgenx's validated Stage 1→2 breakout, reclaimed 200-day trend, and substantial institutional ownership position it as a timely technical leader within Biotech Therapeutics with improving relative strength.Sep 21ROIVRoivant Sciences Ltd.Roivant is a technically leading, institutionally held biotech whose stock has outperformed the market while near-term revenue and GAAP EPS remain weak and volatile.Sep 14KNSAKiniksa Pharmaceuticals International, plcKiniksa is a mid-cap therapeutics company showing sustained double-digit quarterly revenue growth, improving GAAP profitability, and strong relative strength versus the S&P 500 as a theme leader.Sep 11PTGXProtagonist Therapeutics, IncProtagonist Therapeutics is a biotech therapeutics leader trading in an established uptrend with strong relative strength, intermittent GAAP profitability, and a recovering revenue run-rate that merits watching.Sep 9TGTXTg Therapeutics, Inc.Tg Therapeutics has shifted to commercial growth, with quarterly revenue rising from $63.5M in 2024Q1 to $240.3M in 2026Q2 and substantial institutional sponsorship.Sep 7ARWRArrowhead Pharmaceuticals, Inc.Arrowhead has moved into material reported revenue and improving GAAP diluted EPS while trading in an established uptrend with heavy institutional ownership and strong relative strength.Sep 6EXELExelixis, Inc.Exelixis pairs steady mid-teens revenue growth and rising GAAP diluted EPS with a confirmed Stage‑2 technical uptrend and strong relative strength within oncology therapeutics.Sep 5KRYSKrystal Biotech, Inc.Krystal Biotech is a commercial-stage gene therapy company that grew quarterly revenue from $8.6M to $119.2M while delivering consecutive GAAP profits, positioning it as a timely leader in dermatology biotech.Sep 4ACADAcadia Pharmaceuticals IncAcadia shows steady mid-single- to mid-teens revenue growth, heavy institutional sponsorship, and a validated Stage 1→2 breakout, positioning it as a timely leader in Biotech Therapeutics.Sep 2HRMYHarmony Biosciences Holdings, Inc.Harmony Biosciences shows durable revenue and GAAP profit gains, with Q2 2026 revenue +30% YoY and GAAP diluted EPS +88% YoY, making it a timely specialty-biotech leader.Aug 30

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