This post is centered on Insider Monkey’s comprehensive analysis of The 10 Cheap Pharmaceutical Stocks for 2021. During the last 12 months, companies focused on developing and producing coronavirus vaccines. As the developed vaccines progressed through the trials, they started focusing on production. It is still unclear if the current COVID-19 vaccines will be a one-off or a multiple-dose shot. In either case, the need for more vaccines is likely to increase. The emergence of small pharma companies in the US and other countries has raised many of them. For instance, Moderna, a company that only started in 2002, has become one of the world’s largest drug producers due to the development of the vaccine.
Aside from potential vaccine development and manufacturing contracts, other factors will help small pharma companies grow in the long run. The rise in desire for longer lifespans has created an enormous demand for prescription drugs. This is why the profitability of the industry is attractive to investors. It is, however, a prudent move to invest in cheap pharma stocks, as they have the potential to grow at a fast pace. Insider Monkey identified stocks that significantly underperformed the market in advance. And so came out this analysis of 10 Cheap Pharmaceutical stocks for 2021.
MedAvail Holdings, Inc. is a healthcare technology firm that provides automated drug delivery and other services through its MedAvail MedCenter platform. The company also offers its own home delivery service called MedAvail Home. Another one, Aphria, is a Canada-based company that produces and distributes medical and recreational cannabis. It has retail and wholesale operations in various countries. Amryt Pharma is a United Kingdom-based company that focuses on developing and commercializing new drugs for the treatment of rare diseases that affects fewer than 200,000 people nationwide. Viatris is a Pennsylvania-based drug company that focuses on developing and commercializing products to treat various diseases. Its products include Advair DisKUS and Copaxone. Neoleukin Therapeutics is focused on developing new protein therapeutics for the treatment of various types of cancer. For more detailed facts on these companies and names of other companies that made the list, click The 10 Cheap Pharmaceutical Stocks for 2021.
