ASX Life Sciences stocks: Mr. Biotech thinks that 2023 could be a very good year to buy them
Marc Kennis, May 1, 2023
ASX Life Sciences stocks are back, baby!
ASX Life Science stocks have suffered heavily in 2022 due to investors shifting out of risk assets, resulting in a bear market for biotech and medical devices. However, our own Mr. Biotech, Stuart Roberts, believes that now is a good time to buy ASX Life Science stocks, as many high-quality businesses are being overlooked due to poor sentiment.
The bear market has wiped out stocks that were overvalued due to COVID-19 enthusiasm and attracted tourist investors. Stuart sees this as an opportunity to invest in undervalued companies with potential for disruption, although they are currently trading below net asset backing and below cash.
He says stocks to look at include Race Oncology (ASX: RAC), Paradigm Biopharmaceuticals (ASX: PAR), Prescient Therapeutics (ASX: PTX).
Stuart Roberts on AusBiz talking ASX Life Sciences stocks
Stocks Down Under Concierge gives you timely BUY and SELL alerts on ASX-listed stocks!
With price targets, buy ranges, stop loss levels and Sell alerts too.
GET A 3-MONTH FREE TRIAL TO CONCIERGE TODAY
There’s no credit card needed – the trial expires automatically.
Blog Categories
Get Our Top 5 ASX Stocks for FY26
Recent Posts
Webjet Sinks 22 Percent After Softer H1 Results and Weak Domestic Demand
Webjet Falls 22 Percent After H1 Revenue Dips and Domestic Flight Demand Softens Webjet (ASX: WJL) opened down 22 percent…
Javelin Minerals Jumps 2,900 Percent on Capital Consolidation
A Sharper Share Register Sets Javelin Minerals Up for Its Next Corporate Stage Javelin Minerals (ASX: JAV) surged an extraordinary…
Why Are Droneshield Shares Dropping and Should You Be Worried
DroneShield Selloff Tests Nerves, But Fundamentals Tell a Different Story DroneShield (ASX: DRO) experienced a sharp selloff this morning that…