Where to find the pick of the bunch in biotech stocks

Professional investor Ailsa Craig picks three biotech stocks generating revenues and profits, and which have long-term patent protection.

Each week, a professional investor tells us where she'd put her money. This week: Ailsa Craig of the International Biotechnology Trust chooses three promising small caps.

Biotechnology remains an exciting sector, but investors need to be far more discriminating now than they were a few years ago. Growth at the largest firms has slowed, as popular products have reached their peak sales potential. There is now more scope for long-term earnings growth in smaller and medium-sized companies.

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Ailsa Craig has been the lead portfolio manager of International Biotechnology Trust (IBT) since 2021.

Ailsa has managed IBT since 2006. She began her career at Insight Investment / Rothschild Asset Management before joining Baring Asset Management as a research analyst. She holds a BSc (Hons) in Biology from the University of Manchester, the IMC and the Securities Institute Diploma.