2 Best Biotech Stocks to Buy Now
Biotech stocks are popular with investors because of their drugs' life-saving benefits and strong intellectual property moats. Current patent laws allow drug developers market exclusivity for two decades from the date of filing. This gives them a virtual market monopoly on their products. A portion of their sales is then reinvested into research and development, leading to a sustainable and wildly profitable business model.
Today, let's look at two such biotechs, soon-to-go-public Roivant Sciences and coronavirus juggernaut Pfizer (NYSE: PFE), and what they have to offer in their pipelines.
Image source: Getty Images
Source Fool.com