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Could This Soaring Biotech Stock Make You Rich?

TheMotleyFool

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Could This Soaring Biotech Stock Make You Rich?Photo, wide shot, wide-angle lens, Clinical research organization, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/02f7778c-d723-4fb3-bdef-fabb7e5fc9c8.png

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.