The biotech industry has seen considerable growth, propelled by significant strides in drug development, lucrative government support, and technology advancements. Therefore, investors could add fundamentally strong biotech stocks ProQR Therapeutics N.V. (PRQR), Regeneron Pharmaceuticals, Inc. (REGN), and Corcept Therapeutics Incorporated (CORT) to their portfolio now.
The biotech industry’s growth prospects appear promising thanks to the heightened use of advanced technology, expansion in research pipelines, and multibillion-dollar agreements. These factors have collectively invigorated investor confidence in biotech stocks in recent months, as evidenced by the iShares Nasdaq Biotechnology Index Fund’s (IBB) 18.8% return over the last three months.
