Could this be the year biotech stocks bounce back? The industry has been in a slump over the past couple of years, but it started 2024 with a bang. The SPDR S&P Biotech ETF, which tracks an industry index, is up by nearly 13% year to date.

Still, it's too early to say whether the industry will keep up this momentum all year long; we are only in March. But no matter what happens to this sector, let's consider two biotech stocks worth buying and holding on to for a while: Regeneron Pharmaceuticals (NASDAQ: REGN) and Exelixis (NASDAQ: EXEL).

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Source Fool.com