As health authorities all over the globe search for ways to stop the monkeypox outbreak, investors are snapping up shares of companies that could benefit from the race to quell the disease.
Shares of vaccine producers, antiviral drug makers and protective equipment manufacturers are in demand as investors tap a strategy that delivered gains during the coronavirus pandemic. Biotechnological company Bavarian Nordic A/S and pharmaceutical company Siga Technologies Inc. are among the stocks in focus as well as medical tools supplier Precision System Science Co.
While nowhere as severe as the COVID-19 outbreak, the spread of monkeypox infections across more than 70 countries in just a few months has prompted the World Health Organization to declare it as a global emergency. This pronouncement may give the trade an extra tailwind.
