Anyone with any experience as an investor knows that while penny stocks can produce strong returns, they're also risky. You should never bet the bank on these relatively small companies.
But that doesn't mean you should completely shy away from these investments. After all, if you make the right penny stock investment decisions, you could be in for serious returns.
That's why when I invest in penny stocks, I tend to look for companies in the biotech sector. These companies are typically in the process of developing therapeutics, which leads to multiple catalysts that could drive prices up.
Inflarx is a clinical-stage biotechnology company... However, it's worth noting that its treatment for critical COVID-19 infections has received Emergency Use Authorization (EUA)... the company is on the verge of more widespread approvals.
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