While biotech stocks saw an early selloff Friday, the shares of three companies in the sector have plenty of potential left, John Schroer of Allianz Global Investors said on CNBC.
Biogen Idec is his top pick.
"Leading company in the [multiple sclerosis] space. They have some very strong earnings growth, 20 to 25 percent earnings growth over the next three years. And we're looking at a valuation that's just below 25 times, so it's a very attractive name," said Schroer, who is U.S. sector head of health-care research and a portfolio manager at Allianz.
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