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Kritika Sarmah

3 Pharma Powerhouses for Long-Term Growth in 2024

AZN COLL MRK United States Kritika SarmahHer AstraZeneca Plc Collegium Pharmaceutical Inc Medical Pharmaceuticals Merck & Co., Inc.

The global pharma market is expanding with rising healthcare demand and precision medicine advances, fueled by a growing focus on health and longevity. Thus, investors could consider investing in robust pharma stocks Collegium Pharmaceutical, Inc. (COLL), AstraZeneca PLC (AZN), and Merck & Co., Inc. (MRK) in 2024, given their solid growth prospects.

Last year, global biopharma R&D funding rose to $72 billion, with 69 novel active substances launched globally, including 24 in the United States. Clinical development productivity surged to 17.4, the highest since 2018, driven by improved success rates and innovative trial methodologies.

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