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Business

Riddhima Chakraborty

3 Pharmaceutical Stocks Under $100 to Buy This Week

PFE BMY NVS BristolMyers Squibb Company Pfizer Inc

The pharmaceutical industry flourished during the COVID-19 pandemic. Amid surging medical needs worldwide, the pharmaceutical industry is expected to witness continued growth. For October 2022, pharmaceuticals and medicines manufacturing shipments came in at $22.52 billion, up from $22.48 billion in September 2022.

Moreover, overwhelming drug demand is expected to bode well for the pharmaceutical industry. The global drug formulation market is projected to grow at a CAGR of 5.6% from 2022 to 2032.

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