Over the course of the past few years, the medical and wellness sector has managed to emerge as one of the more attractive investment options, and for good reason too. The sector has come up with highly innovative solutions for a range of issues and nowadays many of the companies command substantial markets. With that in mind, it may be time for investors to start looking into some of the stocks from the sector. This article provides a quick look at 5 medical and wellness stocks that you could consider tracking at this point.
1. Immunoprecise Antibodies Ltd (NASDAQ:IPA) (TSX.V:IPA): The first stock from the sector that makes its way into this list is that of ImmunoPrecise Antibodies Limited. The company was in fact in the news yesterday after it announced its financial results for the third fiscal quarter of the year 2022 that had concluded on January 31, 2022.
ImmunoPrecise managed to hit project revenues of C$4.1 million, which worked out to a year-on-year rise of 22.6% from the C$3.3 million it had generated in the prior-year period. Total revenues went up to C$4.8 million and that reflected a year-on-year rise of 6.6%. The net losses, however, jumped to $3.8 million for the quarter from C$1.3 million in the prior-year period. It is clear to see that ImmunoPrecise is working steadily towards higher growth.
2. Halberd Corporation (OTCMKTS:HALB): Anyone who is looking into the medical and wellness sector at this point could consider tracking the Halberd Corporation stock closely. Yesterday, the company came into sharp focus after it announced that it was on the verge of entering an all-new stage of research.
Halberd has already been successful in the elimination of the Top 10 antigens which are linked to neurodegenerative conditions. The company announced yesterday that it added a new member to its squad of consultants and experts in the form of Dr. Ravi VenkataDurvasula. Dr. Durvasula is one of the better-known names among infectious disease specialists and educators. He is going to help in the application of the company’s patented extracorporeal disease antigen elimination process to infectious diseases. This move could open up a world of new opportunities for Halberd Corporation.
3. BioLife Sciences (OTCMKTS:BLFE): The next medical and wellness company that could well be on the radars of investors today is BioLife Sciences. There has not been a lot of news with regards to the company in recent days but back on March 1, it had made a major announcement, and investors could take a closer look at it.
The company announced at the time that it was expanding the orthomolecular medicine and natural health products segment that it had launched not too long ago. BioLife Sciences noted that the department was also going to include a section that is going to be meant for industrial hemp-based CBD that is of non-psychoactive nature. It is going to include CBD products but not going to be limited to it. It was a major new move from the company and one that could prove to be a long-term boost.
4 AllStar Health Brands (OTCMKTS:ALST): A list about health and wellness will probably be incomplete with a mention of the company AllStar Health Brands. The company operates a range of distribution networks that are involved with the sales of nutraceutical products as well as other equipment in a number of countries in the Western world.
Over the course of the past 18 months, the company has largely been involved in the distribution of personal protective equipment, hospital equipment, and health testing products. In the meantime, AllStar Health has also managed to create a network that is now spread beyond the United States and Canada. Last November, the company reached an agreement with Gold River Productions Inc to start distribution of products in the Caribbean, Canada, and the United States.
5. CECORS Inc (OTCMKTS:CEOS): Lastly, it is the CECORS Inc stock that could be the one to track at this point if you are looking into medical and wellness stocks. There has not been any news about the company this week so far, but back on March 7, it had made a major announcement.
The company announced at the time that it had been successful in completing the 100% acquisition of the company Nutra-Rox LLC. The company is a specialist in products that feature carbonated crystal delivery technology. The acquisition could well prove to be a significant one for CECORS as it tries to become a major player in the wellness industry.
