Biotech is one of the hottest sectors right now.
Several biotech companies are already up more than 380% since the beginning of the year. And one, Axsome Therapeutics, is up more than 800%!
So I asked our experts Jeff Yastine and Ted Bauman to share their thoughts on this booming industry.
In this six-minute video, they discuss:
- The biotech industry has the potential for enormous gains. However, companies can rapidly lose value if their drug isn’t approved. Quote: “Biotech generally has somewhat of a scary reputation for many investors.”
- A small-cap biotech company can have several outcomes. Sometimes new biotech firms get bought out by one of the industry’s major players. Quote: “Knowing which route your investment is going to take is critical.”
- Take a look at companies that sell equipment to biotech firms. These “pick and shovel” companies offer products or services that improve the process of developing new drugs. Quote: “I think that’s a key way that lots of people can move into this sector.”
Watch the six-minute video below to hear how Jeff and Ted find the big winners while avoiding the flops. For the full story visit banyanhill.com.
