The biotech industry is growing with breakthrough developments and increased demand. Moreover, biotech sector enjoys inelastic demand for its products and services and tends to be relatively stable amid economic uncertainties. So, investors looking for quality biotech stocks can consider buying Genmab A/S (GMAB) and Exelixis, Inc. (EXEL).
The Biden administration’s National Biotechnology and Biomanufacturing Initiative is expected to boost the industry's long-term growth.
