2 Healthcare Stocks That Just Delivered Great News for Investors
And there could be more positive developments ahead.
Overview
Vertex Pharmaceuticals (NASDAQ:VRTX) and Amgen (NASDAQ:AMGN) have both outperformed the broader market this year as of this writing. However, it might not be too late to invest in these stocks. Recent developments highlight that these drugmakers have strong pipelines and attractive medium-term prospects. Here's some recent news from Vertex Pharmaceuticals and Amgen, and why investors should seriously consider buying shares of both drugmakers.
Image source: The Motley Fool.
Vertex Pharmaceuticals' business looks healthy. The company generates consistent revenue and earnings thanks to its medicines that treat the underlying causes of cystic fibrosis (CF). This rare, lifelong illness damages patients' lungs and digestive systems. There is no cure for CF, and Vertex's products are the standard of care. Patients need to take them indefinitely. That grants Vertex strong pricing power and a somewhat predictable revenue stream.
Details
Source
Originally published at www.fool.com.