The biotech industry is growing rapidly with rising investments and breakthrough developments. Moreover, given the sector’s defensive nature, biotech stocks BioNTech SE (BNTX), Acorda Therapeutics, Inc. (ACOR), and Shionogi & Co., Ltd. (SGIOY) might be worth buying now.
The growing presence of personalized medicine and an increasing number of orphan drug formulations are opening new avenues for biotechnology applications and driving the influx of emerging and innovative biotechnology companies, further increasing market revenue.
