Gilead Sciences, Inc. was rumored to be developing a Covid-19 treatment. Gilead’s announcement of lower-than-expected Remdesivir pricing appears to have harmed the company’s ability to generate a sizable revenue stream from the drug. Moderna, Inc., Pfizer Inc., and their German biotech partner BioNTech SE have received emergency use authorization for two mRNA-based vaccines. In 2021, these two companies are projected to sell $60 billion worth of vaccines. Oncology, diabetes, and autoimmune treatments saw the greatest increase in R&D spending. Between 2010 and 2019, an average of 38 new drugs were approved each year. This is a 60% increase over the previous decade in terms of new drug approvals. These advancements are likely to focus on cancer, diabetes, and autoimmune therapies.
Insider Monkey discusses the list of the 15 best pharmaceutical stocks to invest in. Takeda Pharmaceutical Company Limited is a pharmaceutical company headquartered in Japan. It comes in fifteenth place on our list of the fifteen best pharmaceutical stocks to invest in. Over the last year, the stock has returned approximately -11.48 percent to investors. Vertex Pharmaceuticals Incorporated is a pharmaceutical company based in the United States. It is ranked fourteenth on our list of the top fifteen pharmaceutical stocks to buy. Over the last year, the stock has returned approximately -27.53 percent to investors. Sanofi is a French pharmaceutical company that specializes in the development of drugs for a variety of indications, including oncology, diabetes, and thrombosis. It ranks thirteenth on our list of the top fifteen pharmaceutical companies to invest in. Over the last year, the stock has returned more than 2.38 percent to investors. Gilead Sciences, Inc. is ranked twelve on our list of the top fifteen pharmaceutical stocks to buy. The company’s research and development efforts are concentrated on antiviral drugs for diseases such as HIV, hepatitis C, and tuberculosis. Merck & Co., Inc. is a pharmaceutical company based in the United States. On our list of the 15 best pharmaceutical stocks to invest in, it is ranked eleventh. At the end of the second quarter of 2021, 79 hedge funds held stakes in the company totaling $5.3 billion. AstraZeneca PLC is a joint venture between the United Kingdom and Sweden. It ranks tenth on our list of the top fifteen pharmaceutical companies to invest in. Over the last year, the stock has returned more than 5.12 percent to investors. For more details, click 15 Best Pharmaceutical Stocks To Invest In.
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