In this piece, I evaluated two pharma stocks, Johnson & Johnson (JNJ) and Madrigal Pharmaceuticals, Inc. (MDGL) to determine which has the potential for better reasons. Based on the fundamental comparison of these stocks, I believe JNJ is a worthier investment for October for the reasons explained throughout this article.
The rapidly aging population globally and increasing incidence of chronic diseases such as diabetes, cardiovascular disorders, and cancer boost the demand for innovative treatments, propelling the growth and expansion of the pharmaceutical industry. According to Statista, revenue in the pharmaceuticals market is expected to reach $1.12 trillion in 2023.
