Ken Siegel, CEO of SenesTech, states that "California is a huge market and we expect our growth to continue there and in other markets around the country as the pest control industry and other customers look for new solutions to rat control." Considering the legislation put in place by California and SNES's advantageous market position, it could be worth keeping an eye on.
Rigel Pharmaceuticals Inc. is another popular biotech penny stock right now . The main reason for this is its role in producing Covid-19 related compounds. This includes its fostamatinib oral spleen tyrosine kinase inhibitor. Fostamatinib was recently selected by the NIH for a new trial in those hospitalized with Covid-19. This is big news and follows a recently completed study, where it met all of its endpoint safety goals.
While there are plenty of biotech penny stocks to watch right now, only a handful are actively working on Covid related treatments. This puts RIGL stock at the forefront of the pandemic and is one of the main reasons that it has increased substantially in popularity. With all of this in mind, RIGL could be an interesting addition to your biotech penny stocks watchlist.
5 More Biotech Penny Stocks to Watch
Odonate Therapeutics Inc. ( NASDAQ: ODT )
Avinger Inc. ( NASDAQ: AVGR )
Endo International Plc. ( NASDAQ: ENDP )
BIOLASE Inc. ( NASDAQ: BIOL )
Aeterna Zentaris Inc. ( NASDAQ: AEZS )
Which Biotech Penny Stocks Are You Watching?
Finding the best biotech penny stocks to buy is all about understanding the trajectory of the market. With Covid cases increasing in certain parts of the world, many investors are turning their focus back onto the biotech industry.
This is resulting in the increased volume were witnessing and large daily momentum. So, with all of this in mind, which biotech penny stocks are you watching right now?
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