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StockNews.com
StockNews.com
Business
Sweta Vijayan

5 "Strong Buy" Pharmaceutical Stocks to Own for the Long Haul

ABBV CPRX AMGN NVO VRTX AbbVie Inc Amgen Inc Catalyst Pharmaceuticals Inc FDA Medical – Pharmaceuticals

The inelastic demand for pharmaceutical solutions should help stocks in this space stay afloat amid the current market fluctuations caused by macroeconomic headwinds. Moreover, rising investments in research and development and business collaborations should drive the industry’s growth in the long run.

The global pharmaceuticals market is expected to grow at a 5.9% CAGR to reach $1.40 trillion by 2026. Investors’ interest in this space is evident from the VanEck Vectors Pharmaceutical ETF’s (PPH) 6.3% returns over the past nine months versus the SPDR S&P 500 ETF’s (SPY) 12.2% loss.

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