In recent years, the biotech industry has been one of the more popular sectors for investors, and for good reason too, considering the sort of growth that has been witnessed during the period.

The innovative products that the sector has been churning out for both animal, as well as human health, have generated tremendous growth. This article is going to provide you with a closer look into five biotech stocks that could be worth tracking at this point in time.

Halberd Corporation (OTCMKTS:HALB) - Over the course of the past months, Halberd Corporation has emerged as one of the more interesting companies in the biotech space and that is primarily because of the work that it has accomplished.

At this point in time, the company possesses exclusive licenses for a pair of issued patents and on top of that, it also has control over as many as four provisional patent applications for its extracorporeal treatment for cerebrospinal fluid and blood-related diseases. However, that is not all.

The company has also been using its technology for the purpose of bringing about treatment for a range of other conditions including COVID-19, different forms of cancers, neurological diseases, PTSD, CTE, and others. On the other hand, Halberd Corporation has also claimed that it has set a timetable for advancing the development of its technologies which is aggressive. Considering the fact that the company is involved in innovative technologies, it may be seen as a significant positive.

It appears that the company's work in the biotech sector has also been noticed by powerful institutions and earlier this month it emerged that Centers for Disease Control and Prevention had supplied it with a range of antibiotic-resistant bacteria. The company would be using its laser eradication technology in order to eradicate or neutralize the bacteria. It had been successful in eradicating the gram-negative bacteria back in October using the technology.

The company's CEO William A Hartman noted at the time that it was also an indication that the company's technology was not of interest to the United States government as well. At the end of the day, government contracts could propel any company to new heights, and hence, the latest development was an important one.

Alzamend (NASDAQ:ALZN) - Another interesting biotech company that may be of interest to investors at this point in time is Alzamend. The company is a clinical-stage biopharmaceutical firm and is involved in the development of unique products meant for treating diseases like bipolar disorder, Alzheimer's, PTSD, and MOD among others.

At this point in time, the company has a pipeline that is made up of two candidates. One of those is AL001, an ionic cocrystal patented technology that delivers lithium and the other is ALZN002, which is a cell-based therapeutic vaccine that helps patients in fighting Alzheimer's. Considering the work that the company is doing it may be worth tracking further developments.

Biogen (NASDAQ:BIIB) - For much of the year Biogen had been going through tough times. Its Alzheimer's disease product Aduhelm failed and at the same time, the sales of its highly successful multiple sclerosis product Techfidera started facing increasing challenges from generic products. However, the company then staged a remarkable turnaround as it reported positive results from the late stage trial of lecanemab, which is another Alzheimer's product.

CTI BioPharma Corp (NASDAQ:CTIC) - The commercial biopharmaceutical firm CTI BioPharma Corp was in the news last week on December 11 when it made a major new announcement. The company announced that there were going to be two oral presentations and two presentations through posters with regard to its pacritinib program at the 64th American Society of Hematology (ASH®) Annual Meeting and Exposition.

The event had taken place in Louisiana, New Orleans, and through virtual means from December 10 to December 13 this year.

Viking Therapeutics (NASDAQ:VKTX) - Although it is a small-cap biotech firm Viking Therapeutics is a company that is involved in an interesting niche. It is involved in treating endocrine and metabolic disorders. At this point in time, the product in its pipeline that is the main proposition for investors is its oral nonalcoholic steatohepatitis(NASH) product VK2809.

NASH is currently a widely occurring ailment of the liver and at this point, in time that market is valued in the $30 billion to $50 billion range in terms of yearly sales.

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