Investor enthusiasm can wax and wane -- sometimes dramatically. Consider CRISPR Therapeutics (NASDAQ: CRSP), which is trading for around $61 a share, down from its high of $220.20 on Jan. 15, 2021.

But there is hope yet. The company is on the cusp of having its first therapy approved by the Food and Drug Administration (FDA). That therapy, exa-cel, was developed by CRISPR and Vertex Pharmaceuticals as a one-time curative treatment for transfusion-dependent beta thalassemia (TDT) and sickle cell disease (SCD).

Ten years from now, if the company makes this leap from a clinical-stage biotech to a commercial one, it likely will be trading for as much as $300 a share. Here's why.

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Source Fool.com