Despite the economic headwinds, the SPDR S&P Biotech ETF (XBI) has gained 5.1% over the past month, indicating investors’ confidence in the industry. Moreover, increasing technological advancement and regulatory permissiveness in key areas of innovation are expected to boost the biotech industry.
Given the backdrop, I think quality biotech stocks Alkermes plc (ALKS) and Nippon Shinyaku Co., Ltd. (NPPNY), which have maintained stable profit margins, could be worth buying now. These stocks are Buy-rated in our proprietary rating system.
