Could This Soaring Biotech Stock Make You Rich?

The biotechnology industry is an excellent place to start for those looking for stocks with explosive growth potential. Shares of biotech companies can quickly skyrocket following positive business-related news. In addition, considering the demand for innovative life-saving drugs only to pick up, investing in the right biotech company could help investors produce market-beating returns for a long time.

Let's look at one biotech that's made quite a bit of noise of late: Krystal Biotech (NASDAQ: KRYS). This company's shares have soared by more than 40% in the past month, but given its long-term prospects, that could only be the beginning.

Data by YCharts.