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With a market cap of $16 billion, West Pharmaceutical Services, Inc. (WST) is a global leader in injectable drug packaging and delivery systems, serving pharmaceutical and biotech companies. Based in Exton, Pennsylvania, the company designs and manufactures critical containment and administration solutions, including rubber stoppers, seals, syringes, and self-injection devices.
WST shares have substantially lagged behind the broader market over the past year. WST has plunged 40.1% over the past year compared to the S&P 500 Index’s ($SPX) 17% gains. This year, WST has dipped 32.8%, while SPX is up 1.3% on a YTD basis.