How advances in biotech could revolutionise your portfolio

An exciting new age of medical discoveries is dawning, says Jim Mellon. Here, he looks at the future of biotechnology, and picks the best 12 pharmaceutical stocks to buy now.

About two years ago, I upped sticks from Britain and bought a flat in San Francisco, the pre-eminent centre for biopharmaceuticals research and companies. I did so because I had just read a book by Ray Kurzweil called The Singularity is Near: When Humans Transcend Biology (see below) and its message had led me to open a whole new chapter in my investment career.

Kurzweil's basic idea is that technology is advancing so quickly that within most of our lifetimes "machine" or artificial intelligence will surpass human ability and intelligence. When that point (the so-called singularity) is reached, almost anything will be both imaginable and possible. This "intelligence explosion" is already happening, but most of us are unaware of it the pace of change is too rapid for individuals to grasp.

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