Should You Own This Sleeper Biotech Stock?

The sheer volume of biotech IPOs over the past few years makes it challenging to keep up to date on all these newly public companies. Several have returned to the capital markets to load up on cash to fund ongoing research and development (R&D) efforts. Among this crowd, Y-mAbs Therapeutics (NASDAQ: YMAB) continues to execute as its stock price climbs.

Y-mAbs refers to the company's research efforts on monoclonal antibodies, often referred to as mAbs. The Y comes from the shape of a typical antibody. Each of the arms can be engineered to bind to certain proteins or receptors to induce a specific biologic activity. Y-mAbs Therapeutics focuses on oncology applications -- in particular, rare, pediatric cancers.

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