The biopharmaceutical industry seems optimistic as it enters 2024 with surging demand for new drugs, particularly for obesity and Alzheimer's. Hence, quality biotech stocks, Theratechnologies Inc. (THTX), Equillium, Inc. (EQ), and BioMarin Pharmaceutical Inc. (BMRN) could be ideal investments with solid growth prospects.
U.S. lawmakers are reportedly concerned about America's biotech lag behind China, citing risks to national security and commerce. As a result, the Biden administration has put forward a “whole-of-government approach” to advance biotechnology and biomanufacturing that is important for health, climate change, energy, food security, agriculture and supply chain resilience.
