The biotech industry is prospering due to advancements in technology that have led to breakthroughs in gene editing, personalized medicine, and the development of novel therapies. With the increasing prevalence of diseases and the need for quality therapies, the biotech industry is well-positioned for long-term growth.
Considering this backdrop, Gilead Sciences, Inc. (GILD) could be a solid portfolio addition, while keeping Biogen Inc. (BIIB) on one’s watchlist could be wise. On the other hand, Karuna Therapeutics, Inc. (KRTX) can be avoided, given its poor growth prospects.
