The healthcare industry has come a long way over the past few decades. Once primarily a sector that dealt with diseases and illnesses, it’s now home to numerous companies developing solutions for everything from chronic conditions to everyday ailments. As a result of this massive transformation, the healthcare industry is booming, generating billions of dollars in annual revenue. This article details some of the best stocks to buy if you want to invest in the pharmaceutical industry. These companies offer unique services or products that cater directly to this growing market segment. Each company mentioned here is publicly traded on major stock exchanges and has demonstrated strong potential for continuing growth. These are not get-rich-quick schemes; they are solid long-term investments with which you can begin building your portfolio today.
HUTCHMED (China) (HCM)
Hutchison Medi Pharma Limited is a rapidly-growing healthcare company based in Hong Kong. The company’s main claim to fame is that it’s the world’s largest contract manufacturer of Active Pharmaceutical Ingredients (API). That means that it makes the bulk chemicals that go into the medicines we use daily. As a result, Hutchison is a great company to invest in if you want to play the growing pharmaceutical industry. The company’s primary business is supplying APIs to Big Pharma. That is a very lucrative business, as the demand for new drugs is growing at an astronomical rate. Hutchison’s other business lines include biosimilars, injectables, and healthcare services.
Perrigo Company (PRGO)
Perrigo Company is a leading manufacturer of healthcare products and nutritional supplements. The company’s flagship products are its store-brand dietary supplements, which are sold globally under various brand names. Perrigo has been a healthy investment for many years. The company has increased its annual revenue since its founding in 1991. Perrigo recently reported excellent quarterly results, as the company’s store-brand nutritional supplements continue to do well in both developed and emerging markets. Perrigo is an excellent long-term investment. The company is forecasted to grow significantly over the next few years.
Pfizer (PFE)
Pfizer is a multinational pharmaceutical company based in New York. The company is a leading manufacturer of prescription drugs and over-the-counter products. Pfizer’s primary sources of revenue include prescription drugs, vaccines, biological products, and animal health products. Pfizer is a solid investment for a few key reasons. First, the company has a very high dividend yield, meaning that investors will be paid very well in the short term if they decide to hold shares until the dividend payout. Pfizer’s dividend payout also has an excellent track record. The company also has an optimistic outlook and is expected to grow significantly shortly.
Eli Lilly and Company (LLY)
Lilly is a multinational pharmaceutical company based in Indianapolis. The company is a leading manufacturer of pharmaceutical products for a wide range of medical conditions. Lilly’s primary revenue sources are prescription drugs, nutritional products, and biosimilars. The company is a true leader and innovator in the pharmaceutical industry. Lilly has consistently increased its revenue each year since its founding in 1876. The company is expected to grow healthy over the next few years and beyond. Lilly is an excellent choice for investors and has a sound business model.
Conclusion
Investing in pharmaceutical companies can be a very lucrative move. The industry is growing at an astronomical rate and is expected to continue growing for the foreseeable future. To maximize your investment, it’s essential to choose the right stocks. This article details some of the best stores to buy if you want to invest in the pharmaceutical industry.
