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Exton, Pennsylvania-based West Pharmaceutical Services, Inc. (WST) designs, manufactures and sells containment and delivery systems for injectable drugs and healthcare products. With a market cap of $22.9 billion, West Pharmaceutical’s operations span the Americas, Europe, the Middle East, Africa, and the Indo-Pacific.
The contract manufacturer has substantially lagged behind the broader market over the past year. WST has plunged 10.1% on a YTD basis and 9.9% over the past year compared to the S&P 500 Index’s ($SPX) 25.2% gains in 2024 and 31% returns over the past year.