
The pharmaceutical industry is popular amongst investors due to its ability to maintain profit margins irrespective of the economic climate. Moreover, the industry is well-positioned for growth thanks to the growing incidence of chronic diseases and investments in the development of treatments for rare diseases.
Amid this backdrop, it could be wise to buy fundamentally strong pharma stocks Amphastar Pharmaceuticals, Inc. (AMPH), Ironwood Pharmaceuticals, Inc. (IRWD), and Taro Pharmaceutical Industries Ltd. (TARO).