Bill Miller: The next Apple is a biotech stock

Bill Miller at Delivering Alpha 2015 in New York.
David A. Grogan | CNBC

In an exclusive interview for CNBC Pro subscribers Wednesday, famed investor Bill Miller predicted that the next Apple of the world will come from the biotech space.

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"[We] are really at the cusp of another revolution in overall medicine and the way in which health care is handled," said Miller.

The investor, whose fund posted 34 percent annual returns over the past three years and is up 12 percent in 2015, believes the industry with the biggest upside potential is synthetic biology.