
The biotech industry shows solid growth, mainly driven by the influx of emerging and innovative technology and government-backed investments.
Moreover, as the industry enjoys inelastic demand, I think investors could consider quality biotech stocks, Vertex Pharmaceuticals Incorporated (VRTX), Regeneron Pharmaceuticals, Inc. (REGN), and United Therapeutics Corporation (UTHR). These stocks are A (Strong Buy) rated in our POWR Ratings system.