Biotechnology is an industry with many areas that have yet to be explored. With artificial intelligence (AI) advancements, the industry can now delve deeper into previously unexplored areas in science and medicine - and at a faster pace, too.
As a result, the biotech space is brimming with growth stocks. Alphatec Holdings (ATEC) stands out for its innovative spinal surgery solutions, and the company has attracted the attention of investors looking for growth opportunities in the medical device industry. Driven by its efforts to revolutionize spine surgery, the stock has returned around 410% in the last five years, massively outperforming the S&P 500 Index’s ($SPX) gain of 77%.
