Drugmakers are racing to develop treatments and vaccines that will help combat the coronavirus pandemic.
While that work progresses, biotech companies focused on finding treatments for conditions like Duchenne muscular dystrophy, cystic fibrosis, and Alzheimer's disease are carrying on their work with pivotal data or approvals expected in the next year. Analysts at UBS noted that they're optimistic about 2021, given how the biotech market performed in 2019 and so far in 2020. With that in mind, UBS analysts on Tuesday initiated coverage on nine biotech companies, four of which received buy ratings. Of those four, UBS anticipates two could soar more than 50%. UBS noted that in its initiation, it gravitated toward smaller companies. Here are the four biotech companies UBS initiated at a buy rating.
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