The coronavirus crisis highlighted the importance of the need for real progress in the pharmaceutical industry. Investors usually see vaccine revenue as temporary and subject to various volatile factors like pricing, government intervention and tough competition. However because of the circumstances now many companies are now investing in pharma stocks.
Insider Monkey recently published 10 Best Pharma Stocks to Buy Now, a summary is as follows.
Verastem, Inc is one of the fastest growing companies in the world. This US-based company develops cancer treatments based on targeted therapy, and also have small molecule drugs. Novartis AG is one of the biggest pharmaceutical companies in the world. The company recently posted positive results for the Phase III VISION study evaluating its treatment for progressive PSMA-positive metastatic castration-resistant prostate cancer.
Pacific Biosciences of California, Inc. makes systems and technologies for gene sequencing. The company offers a single-molecule real-time sequencing (SMRT) platform based on properties of zero-mode waveguides. 10x Genomics, Inc. has gene sequencing technology that makes hardware and software products used in gene and DNA sequencing.
Regeneron Pharmaceuticals, Inc. works on the regenerative capabilities of neurotrophic factors. The company is also working on this COVID-19 antibody treatment in collaboration with Roche. Eli Lilly and Company was the first to mass-produce the polio vaccine. They currently have many on-going drug research and trials that have good and mixed results.
Phizer Inc. was one of the companies that launched the COVID-19 vaccine. The company is now moving forwarding with Phase 1 trials of its oral pill treatment for COVID-19. Abbott Laboratories is known for their strong pipeline of products and mass producing 8 different types of COVID-19 tests.
AbbVie Inc. won FDA approval for HUMIRA for the treatment of moderately to severely active ulcerative colitis in pediatric patients. Bristol-Myers Squibb Company makes treatments for HIV, heart diseases, cancer, diabetes, arthritis and psychiatric disorders.
Read more of Insider Monkey’s 10 Best Pharma Stocks to Buy Now here.