InnoCan Pharma Corporation (CSE: INNO | OTCQB: INNPF | FSE: IP4)
InnoCan Pharma, an Israeli specialized pharmaceutical company founded in 2018, is a leader in the development of new CBD delivery systems. Cannabis and other cannabinoid drugs are routinely used to treat illnesses and alleviate symptoms. The company develops products that combine the unique capabilities of CBD with other medicinal substances and is also focused on selling CBD-based solutions supplied via smart delivery systems to treat CNS cell damage, as well as muscle and rheumatic pain.
The company recently expanded into veterinary medicine as well. This expansion has allowed InnoCan to commercialize its intellectual property portfolio which includes more than 15 patents. CBD’s success in treating a wide range of illnesses is well documented. This means that there is the possibility of increased use of CBD in the medical and healthcare industries and the development of innovative delivery systems in the near future.
InnoCan’s technology commercialization made tremendous progress in 2021 aided by exclusive and non-exclusive licensing deals, and investors may see significant value in InnoCan’s present pipeline of technological and pharmaceutical products and solutions.
Axsome Therapeutics, Inc. (NASDAQ: AXSM)
Axsome Therapeutics is a biopharmaceutical company based in the United States that develops innovative medicines for central nervous system (CNS) disorders. AXS-05 is Axsome’s lead drug candidate, a therapeutic for the treatment of major depressive disorders and resistant depression disorders. AXS-05 is in Phase III clinical trials to treat Alzheimer’s disease agitation and has completed a phase II clinical trial for the treatment of smoking cessation.
The product pipeline of the company also includes three other late-stage drug candidates. AXS-07 is an oral drug for the treatment of acute migraine that has completed two Phase III trials and is expected to be approved by the FDA in 2022. The company is also working on AXS-12 to treat narcolepsy, which is in a Phase III study, and AXS-14 for the treatment of fibromyalgia that’s in a Phase III trial. Axsome plans to submit for FDA approval of AXS-14 for the treatment of fibromyalgia in 2023. Axsome Therapeutics is an appealing biotech stock given the revenue potential of these drug candidates.
BioNTech SE (NASDAQ: BNTX)
BioNTech is a biotechnology company based in Germany that develops and produces active immunotherapies for cancer and other infectious disorders. The company is primarily focused on patient-specific immunotherapies for the treatment of cancer. BioNTech is also one of the pharma companies that significantly benefited from the pandemic as it collaborated with Pfizer, Inc. (PFE) to develop a Covid vaccine.
BioNTech and InstaDeep Ltd recently announced the development of a new computational approach that analyses global sequencing data and predicts high-risk SARS-CoV-2 variants. This system can detect potentially high-risk variants entered into SARS-CoV-2 sequencing data repositories in less than a day by combining structural modeling of the viral spike protein with the help of AI technology.
Conclusion
Investing in biotechnology/pharma stocks is a high-risk, high-reward proposition. The least risky biotech companies have medicines that are already on the market and many more that are in the final stages of testing. However, young companies that are beginning to show successful signs of future commercialization are the ones that appeal the most to growth investors who are focused on multi-bagger returns.
Biotech companies that are developing, manufacturing, and selling more than one medication are likely to be the most profitable, and the companies introduced in this article are a few of the names every investor should closely follow.
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