One great thing about the biotech industry is that there are nearly always some winners. Regardless of what’s going on in the world or in the broader market, at least a few biotech stocks are likely to gain momentum week in and week out.
Three such winners over the past five days are Madrigal Pharmaceuticals (NASDAQ: MDGL), Alnylam Pharmaceuticals (NASDAQ: ALNY), and Arbutus Biopharma (NASDAQ: ABUS). Here’s why these three biotech stocks skyrocketed this week — and a look at whether or not they can go even higher.