RedHill Biopharma Ltd (RDHL): Best Covid Vaccine and Pill Stocks To In...

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Tuesday, 11/02/2021 1:59:10 AM

Tuesday, November 02, 2021 1:59:10 AM

Best Covid Vaccine and Pill Stocks To Invest In

https://finance.yahoo.com/news/11-best-covid-vaccine-pill-192121981.html

RedHill Biopharma Ltd. (NASDAQ:RDHL)

Number of Hedge Fund Holders: 4

In early October, RedHill Biopharma Ltd. (NASDAQ:RDHL) presented the results of a study into a new experimental drug, administered orally, for COVID-19 patients. The company, which operates from Israel, revealed that the drug reduced the risk of mortality in COVID-19 patients by up to 62% compared to a placebo. The share price of the firm jumped more than 6% after the results were announced.

In August, Cantor Fitzgerald analyst Brandon Folkes had initiated coverage of RedHill Biopharma Ltd. (NASDAQ:RDHL) stock with an Overweight rating and a price target of $22, noting that the firm was working on several interesting drugs, including two COVID-19 ones.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm ARK Investment Management is a leading shareholder in RedHill Biopharma Ltd. (NASDAQ:RDHL) with 787,469 shares worth more than $5.4 million.