The biotechnology industry has experienced significant growth of late – canvassing various aspects of life from pharmaceuticals to food production and digital technology – thanks to monumental advances in drug development, increased merger and acquisition activity, technological innovation, and governmental support.
Given this backdrop, fundamentally strong biotech stocks Illumina, Inc. (ILMN), Protalix BioTherapeutics, Inc. (PLX), and Alnylam Pharmaceuticals, Inc. (ALNY) could be wise portfolio additions to garner significant returns in 2024.
