2 Popular But Overvalued Biotech Stocks to Avoid

Alex Carchidi, The Motley Fool

October 23, 2020 at 7:07 a.m.·4 min read

2 Popular But Overvalued Biotech Stocks to Avoid

Moderna (NASDAQ: MRNA) and BioNTech (NASDAQ: BNTX) have been hot stocks this year. At the same time, as rumors swirl regarding the conclusions of each company's phase 3 clinical trials, investors everywhere are hunting for the best competitors in the rapidly expanding coronavirus market. Given that both Moderna and BioNTech have exhibited lightning-fast vaccine development, it's anyone's guess as to which has a better chance of winning the coronavirus vaccine race.

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