Last year was challenging for the stock market. Things have been better since 2023 started, but some equities have even performed pretty well throughout this ordeal. That's the case with Exelixis (NASDAQ: EXEL) and Axsome Therapeutics (NASDAQ: AXSM), two mid-cap biotech stocks. There are good reasons these drugmakers crushed the market since early 2022 and could continue doing so moving forward. Let's discuss why Exelixis and Axsome are solid picks for investors.

EXEL data by YCharts

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Source Fool.com