After garnering investors’ attention during the pandemic, the biotech industry fell out of favor as investors focused on other sectors like tech, energy, etc. However, the biotech industry shows signs of renewed investor interest, as evident from the SPDR S&P Biotech ETF’s (XBI) 11.5% returns over the past three months.
Given this backdrop, it could be wise to buy fundamentally strong biotech stocks Shionogi & Co., Ltd. (SGIOY), Amicus Therapeutics, Inc. (FOLD), and Entrada Therapeutics, Inc. (TRDA).
