The pharma industry is fueled by the introduction of generic medicines and a growing focus on the development of personalized medicines. Given the industry’s steady growth prospects, investors could consider quality pharma stocks Neurocrine Biosciences, Inc. (NBIX), Novo Nordisk A/S (NVO), and AstraZeneca PLC ADR (AZN). These stocks are rated an A, which translates to a Strong Buy in our proprietary rating system, POWR Ratings.
The Pharmaceuticals market shows solid growth, mainly driven by innovative drugs and an increasing demand for healthcare, especially in emerging countries. Revenue in the pharmaceuticals market is expected to grow at a CAGR of 5.8%, resulting in a market volume of $1.48 trillion by 2028.
