Approx 77% responded with large or small increase
Strongly increase in share price for blockbuster.
A key driver of biotech stock performance in 2024 was regulatory approval, which serves as a key moment for companies in this space. For instance, the approval of Verona Pharmaâs Ohtuvayre by the U.S. Food and Drug Administration (FDA) provided a much-needed non-steroid inhaled treatment option for patients with chronic obstructive pulmonary disease (COPD), resulting in a 134% surge in the companyâs stock.
While the overall sector showed resilience, certain companies stood out as outliers due to their remarkable stock performance. Bright Minds Biosciences led the pack with a staggering 1,857% year-over-year increase, driven by its progress in developing treatments for neuropsychiatric disorders. Monopar Therapeutics followed, with its stock surging by 1,089%, fueled by advancements in its cancer drug pipeline. Summit Therapeutics also impressed with a 576% increase, tied to the success of its therapeutic programs.
Overall, the key drivers for stock performance are of course the individual successes of companies â clinical trial successes, regulatory approvals, or significant deals. This might be an indicator of which companies will be the top performers in 2025.