Investors eyeing the growth potential of the pharmaceutical industry can have a novel addition to their watchlist in May — Neurocrine Biosciences, Inc. (NBIX). With a projected global market volume of $1.44 trillion by 2027 and an expected annual growth rate of 5.4%, the pharmaceutical industry could be a good destination for investors. Of this volume, the United States is expected to contribute a large portion of the revenues.
For the fiscal fourth quarter (ended December 31), NBIX’s total revenues increased 32.1% year-over-year to $412 million. Non-GAAP net income and non-GAAP EPS came in at $124.70 million and $1.24, up significantly from their respective year-ago values. The company is set to report its first-quarter financials next week, in which the analysts expect a 145.1% year-over-year growth in its EPS to $0.74.
