The momentum of the global biotechnology market is driven by government support, advancements in drug development, and the success of COVID-19 vaccines. Further, expansion into agricultural applications, clinical solutions for chronic diseases, fermentation technology improvements, and exploration of T-cell therapies continue to boost the sector.
Therefore, investors could consider investing in top biotech stocks Amgen Inc. (AMGN), Alkermes plc (ALKS), and Vertex Pharmaceuticals Incorporated (VRTX) for potential profits in 2024.
