The surge in investment and spending in global medicine is fueling the pharma industry. Therefore, investors could consider investing in quality pharma stocks Zoetis Inc. (ZTS), Wave Life Sciences Ltd. (WVE), and Johnson & Johnson (JNJ).
The IQVIA Institute for Human Data Science predicts a surge in global medication spending, reaching approximately $1.9 trillion by 2027. This growth, expected to be between 3-6%, is attributed to the introduction of new drugs and the heightened utilization of recently launched brands, bolstering the pharma industry.
