Drug companies are companies that develop, manufacture, and market pharmaceutical drugs.
The major drug companies are more speculative than most investors realize. They need a continuing flow of successful new products to maintain their earnings. They face increasing litigation and aggressive competition from generics as drugs come off patent. Unlike tech stocks, they have formidable regulatory burdens, and unlike other manufacturing stocks such as, say, auto companies, they do not benefit from customer loyalty.
The general view on these stocks seems to be that they are can’t-miss investments because the baby boomers are reaching an age when they will need drugs for a number of medical conditions, and are willing to pay for them.
Drug companies need to spend heavily to create new drugs, and spend even more to gain regulatory approval. Even then, they only get to profit for a limited time before patents run out and generic products appear. Then too, their research spending may lead to dead ends, rather than new drugs that fill a need and can overcome the regulatory hurdles.
If you want to invest in drug companies, we think you should focus on those that have high cash holdings and a number of drugs in the pipeline. And all the better if they have access to fast-growing markets, like China, India and Latin America.
Drug companies may have a place in your portfolio, and at TSI Network, we recommend using our three-part Successful Investor philosophy to decide how:
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SELLAS LIFE SCIENCES GROUP INC., $5.07, symbol SLS on Nasdaq, is a clinical biopharmaceutical company aiming to develop novel cancer immunotherapies.
Sellas went public in January 2018 through a merger with Galena Biopharma.
The company’s shares briefly shot up to as high as $15.08 in June 2021… Read More
This month we take a look at a new healthcare ETF from TD Asset Management, plus a very unique ETF from Horizons that focus on companies looking to develop psychedelic drugs for the treatment of mental illness.
TD Asset Management recently launched the TD Global… Read More
We continue to see attractive investment opportunities for our subscribers in top drug stocks—and that includes AbbVie Inc.
Over the years, we’ve found that spinoffs are about as close as you can get to a sure thing in investing. It’s one key reason why we think… Read More
ALGONQUIN POWER & UTILITIES CORP., $18.60, Toronto symbol AQN, is a buy.
Algonquin has two main businesses: the Regulated Services Group provides regulated electricity, gas, water distribution and wastewater collection services to 1.9 million customers in Canada, the U.S., Chile and Bermuda; and the Renewable Power… Read More
TEXAS ROADHOUSE INC., $104.63, is a buy. The company, symbol TXRH on Nasdaq, is a full-service, casual-dining restaurant chain with 637 locations spread across 49 U.S. states and 10 foreign countries. Each of those restaurants operates under one of three banners—Texas Roadhouse (602 locations), sports… Read More
A: Compass Pathways plc (ADR), $36.19, symbol CMPS on Nasdaq (Shares outstanding: 36.7 million; Market cap: $1.4 billion; www.compasspathways.com), was founded in 2015. The company is now testing the psychoactive compound psilocybin, sometimes referred to as “magic mushrooms,” as a therapy for treatment-resistant depression, or… Read More
ABBVIE INC., $108.22, New York symbol ABBV, is a new buy for TSI Dividend Advisor subscribers.
The company makes biopharmaceuticals, with leading positions in immunology, oncology, aesthetics, neuroscience and eye care.
In February 2021, AbbVie increased its quarterly dividend 10.2%, to $1.30 a share from $1.18. The… Read More
Drugs, medical devices and animal health products have all become key ways of investing in medical stocks; Make money by choosing the best of these investments
The amount of money the U.S. spends on healthcare could grow to $5.5 trillion by 2025. Some studies project the… Read More
Investing in biotech penny stocks holds the promise of big gains—but they are much more likely to end up costing you money
If you decide to start investing in penny stocks, including biotech, understand that you could make money, but you will likely lose more often… Read More
We continue to see attractive investment opportunities for our subscribers in top drug stocks—and that includes AbbVie Inc.
Over the years, we’ve found that spinoffs are about as close as you can get to a sure thing in investing. It’s one key reason why we think… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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