Top 3 Canadian Biotech Stocks (Updated July 2022)

Market cap: C$16.722 million; year-to-date gain: 37.5 percent

Hemostemix is a clinical-stage autologous stem cell therapy company. Founded in 2003, the firm develops, manufactures and commercializes blood-derived cell therapies from each patient's own blood.

Hemostemix’s lead product, ACP-01, is designed for the treatment of critical limb ischemia, peripheral artery disease, angina, ischemic cardiomyopathy and dilated cardiomyopathy. Shares of the top Canadian biotech stock hit a 2022 high point on May 11, clocking in at the C$0.42 level.

Market cap: C$56.237 million; year-to-date gain: 17.95 percent

Sirona Biochem’s platform for developing safer, more effective cosmetic and pharmaceutical active ingredients is based on proprietary fluorination chemistry developed by the company’s wholly owned French subsidiary, called TFChem. Sirona’s pipeline of products includes therapeutics targeting diabetes, anti-inflammatories and anti-infectives; cosmeceuticals such as anti-aging and depigmenting agents (skin lighteners); and biological ingredients such as inducers and adjuvants for biological development and preservation.

In mid-June, the biotech company announced a global exclusive licensing agreement with Allergan Aesthetics, an AbbVie (NYSE:ABBV) company. "We are very pleased to have finalized terms with a global leader in medical aesthetics and the innovator behind SkinMedica™, a leader in the science of skin rejuvenation," said Dr. Howard Verrico, CEO of Sirona Biochem. "Our most recent clinical trial of TFC-1067 was a collaborative effort with Allergan Aesthetics to demonstrate the clinical potential in topical skin care treatments. This further validates our platform technology as viable for additional commercial products which we are actively pursuing."

Company shares reached a year-to-date high of C$0.35 on June 20.

Market cap: C$43.505 million; year-to-date gain: 9.09 percent

Ceapro is a growth-stage biotech firm that is developing proprietary extraction technology to isolate active ingredients from oats and other plant resources for the healthcare and cosmetic industries. The company is leveraging its expertise in natural product chemistry, microbiology, biochemistry, immunology and process engineering in the fields of active ingredients, biopharmaceuticals and drug-delivery solutions.

In May, Ceapro released its Q1 financials, highlighting sales totaling C$6,172,000 for the quarter, up 31 percent from the same period the previous year. Shares marked a year-to-date high of C$0.67 on May 26.