2 Top Biotech Stocks Defying the Bear Market

Thanks to the Federal Reserve's mission to control inflation by hiking interest rates, investor sentiment for companies that might need to borrow money is incredibly poor -- and that makes biotech stocks an even riskier investment than usual. Axsome Therapeutics (NASDAQ: AXSM) is up by more than 127% in the last 12 months, and there might be another growth spurt in the works. This year, it went from having zero products on the market to having two: Sunosi for narcolepsy and Auvelity for major depressive disorder (MDD).