Two biotech companies go head-to-head in our sixth Stockpicking matchup.
April 2, 2024
The battle of the biotech blockbusters. Which innovative drug developer is the better stock to choose in 2024?
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Our sixth head-to-head matchup is between two biotech companies.
CRISPR Therapeutics (Nasdaq: CRSP) made history this past year when its newly-approved drug Casgevy became America’s first commercialized gene editing drug for the treatment of sickle cell disease.
Unlike chronic treatments from gene therapies — which require multiple doses over several years — Casgevy as a gene editing drug is a one-and-done cure. This has allowed it to command a price tag of a jaw-dropping $2 million. Yet insurers and America’s health system have both been happy to pay it, in order to replace decades of ongoing sickle cell treatment and care.
In partnership with Vertex Pharmaceuticals, CRISPR Therapeutics is on a mission to reduce its costs and broaden its distribution. There might soon be more of its gene editing drugs up for approval.
Seres Therapeutics (Nasdaq: MCRB) is a biotech pioneer as well.
As the world’s first publicly-traded microbiome company, it aims to restore the healthy balance of the gut after patients get exposed to nasty bacterial infections. Seres is focusing almost exclusively on commercializing its newly-approved drug VOWST, which treats C. difficile infection (“CDI”) in its second recurrence or later.
VOWST is already selling incredibly well and is receiving a strong reception from doctors. This might suggest that Seres’ stock might currently be vastly undervalued.
Will CRISPR Therapeutics or Seres Therapeutics be the more therapeutic investment for our 7investing portfolio on Stock Card? Cast your vote in our live poll below!
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