Despite macroeconomic challenges, the biotech industry performed relatively well due to inelastic demand for its products and services. Moreover, government initiatives, technological developments, and the biotech ingredients market, which assists businesses in making correct and up-to-date decisions, are all fueling the biotech industry’s expansion.
Given the solid prospects of the industry, these four fundamentally sound biotech stocks could be excellent buys.
This post originally appeared at StockNews.com.