Many investors are drawn to biopharma stocks because of the potential for outsized rewards. While it’s possible to hit home runs, it’s also possible to lose quite a lot of money. The binary outcomes of biotech investing -- major success or disappointing failure -- are familiar to most investors, but there are best practices you can follow to increase your chances of success and help you to avoid crushing failures. Here are three biotech investing tips that could earn you thousands, as illustrated by MannKind Corporation (NASDAQ:MNKD), Keryx Biopharmaceuticals (NASDAQ:KERX), and Ziopharm (NASDAQ:ZIOP).
