Amgen vs. Moderna: Which Healthcare Stock Is a Better Buy in 2026?
Amgen trades at a fraction of Moderna's valuation, but one company is burning cash while the other generates billions, a critical divide for income-focused investors.
Overview
Should you bet on an established giant or a pipeline-driven innovator? This comparison examines Amgen (NASDAQ:AMGN) and Moderna (NASDAQ:MRNA) to see which stock is a better buy today.
Amgen is a veteran in the drug manufacturing world, focusing on long-term stability and diverse treatments for chronic conditions. Moderna is a biotechnology pioneer that transformed during the pandemic and is now pivoting toward a broader mRNA platform. Both companies operate in a competitive environment, but they offer very different risk and reward profiles for investors.
Details
Amgen operates by discovering and marketing medicines for serious conditions such as heart disease, obesity, and cancer. The company functions within the biotech stocks category, serving approximately 17 million patients globally. Its commercial success depends heavily on three distributors: McKesson (NYSE:MCK), Cencora (NYSE:COR), and Cardinal Health (NYSE:CAH). These three partners accounted for 77% of gross revenues in 2025. Customer concentration like this adds a layer of risk to the business.
Source
Originally published at www.fool.com.