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April 15, 2021, 8:55 a.m. EDT

4 Top Biotech Stocks To Watch In The Stock Market Today

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Apr 15, 2021 (StockMarket.com via COMTEX) -- Are These The Best Biotech Stocks To Buy In 2021?

Biotech stocks have been a hot topic among investors now and this has translated into the stock market . Many of the biotechnology companies are developing drug candidates that could ultimately address multibillion-dollar markets. While the biotech space could definitely bring in high-reward investments, investors need to know the risks that come with it. No question, market catalysts are important for investors to monitor, but they are even more important for biotech stock investors. And what do I mean by that?

Looking for the best biotech stocks to buy involves different metrics of assessment like the rest of the market. In many cases, biotech earnings reports aren't the lightning rod for huge price swings. Instead, these biotech stocks typically tend to ebb and flow on clinical data releases and regulatory approval decisions. And these are arguably far more important for gauging biotechnology firms' developments.

With the current pandemic magnifying the needs of healthcare, funds are being allocated to research and development more than ever now. While most attention has been given to companies working on COVID-19 vaccine and drugs, biotech companies working on other diseases are thriving as well. After all, there are still many diseases that have no treatment as of late. With all that being said, do you have these companies on your list of top biotech stocks to buy?

Top Biotech Stocks To Buy [Or Sell] Right Now

Moderna Inc

First on the list would be the poster child of biotech, Moderna. With vaccines rolling out globally, most people would be aware of its company's presence in this space. The company is one of the first in the world to receive the Emergency Use Authorization (EUA) from the U.S. Food and Drug Administration (FDA) for its coronavirus vaccine. In addition, its mRNA science is also contributing to the development of new drugs in the foreseeable future. For example, Moderna is developing therapeutics for infectious diseases, immuno-oncology, and cardiovascular diseases.

With news of Johnson & Johnson's ( NYSE: JNJ ) vaccine showing side effects and usage being halted, this has benefitted companies such as Moderna. On top of that, the company updated on Tuesday that its vaccine generated antibodies against the mutation first discovered in South Africa. The company tested two updated vaccines. Both shows increased levels of antibodies against viral mutations in mice.

It claims that the combination approach leads to the "broadest level of immunity". Since the start of April, the company's share price has surged by over 25%. With overall positive sentiments around the company, would you invest in MRNA stock now?

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CureVac BV

Next, we have the German biotech company, CureVac. The company is a leading global clinical-stage biopharmaceutical company, striving to create transformative medicines to protect people's lives. The company's pipeline focuses on three areas: cancer immunotherapy, prophylactic vaccines, and protein-based therapies. With vaccines still being the hot topic globally, it does not come as a surprise that the company is thriving as well. Over the past year, the company's share price has gained over 80%. The stock now trades at $102.61 upon Wednesday's closing bell.

In March, the company brought more positive news to consumers and investors alike. It announced that it has entered an agreement with Celconic Group to manufacture over 100 million doses of CureVac's COVID-19 vaccine candidate. CureVac reaffirms an expected output capacity of its broad European manufacturing network of up to 300 million doses in 2021.

On top of that, there is news of the company receiving the European Union approval for its COVID-19 vaccine as early as May. This is sooner than the expected date. It might be worth mentioning that there was also a deleted tweet from Tesla ( NASDAQ: TSLA ) CEO Elon Musk. He speculated last Friday that the vaccines are a few months away from regulatory approvals. So, with such developments around the horizon, would you be on the lookout for CVAC stock?

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