Increasing investments in innovation and scientific research has propelled the biotech industry’s growth. However, biotech stocks Exelixis, Inc. (EXEL), MacroGenics, Inc. (MGNX), and Puma Biotechnology, Inc. (PBYI) have been losing momentum lately. Given the industry’s long-term growth prospects, investors could still consider investing in these biotech names.
Before discussing why these stocks have the potential to deliver solid returns in the long run, let’s discuss what’s happening in the biotech space.
