2 Pharma Stocks You Should Buy Now
The pharmaceutical industry is important for one simple reason: we are all, at some point, in need of medical treatment, and the amount of money that is spent on drugs continues to increase. Until we stumble upon a way to eradicate illnesses altogether, that isn't going to change. Though we can't escape from this sad reality, we may profit from it by investing in pharmaceutical companies that develop state of the art prescription drugs. Obviously, there are dozens of pharma stocks to choose from, but two that I think present particularly strong prospects are Vertex Pharmaceuticals (NASDAQ: VRTX) and Merck (NYSE: MRK).
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Vertex' annual revenues have increased by more than 400% since 2014. Over the same period, the firm turned a net loss of $739 million to a profit of over $2 billion, and its share price grew by about 130%.
Source Fool.com
