These 3 Healthcare Stocks Have Crushed the Market This Year. Here's Why There's More Upside Ahead
They are riding strong tailwinds that could lift them higher.
Overview
If you had invested in Krystal Biotech (NASDAQ: KRYS), Exelixis (NASDAQ: EXEL), or CVS Health (NYSE: CVS) at the beginning of the year, you'd be sitting pretty. All three companies have outpaced the market, which has itself proved resilient amid macroeconomic problems, fears of a recession, and other problems. However, all three of these healthcare stocks have important catalysts ahead that may allow them to maintain their momentum for much longer and continue delivering market-beating returns. Here's why these stocks are still worth serious consideration.
Image source: Getty Images.
Krystal Biotech, a drugmaker that focuses on developing medicines for rare diseases, is performing well thanks to its only approved product, Vyjuvek. This therapy treats a condition called dystrophic epidermolysis bullosa (DEB), which causes the skin to blister and tear very easily, often from minor rubbing or bumps. Vyjuvek, a topical gel applied directly onto wounds, helps patients' cells produce a protein that strengthens and repairs fragile skin. Krystal Biotech is posting strong financial results thanks to Vyjuvek, with the company's revenue and profits growing at a good clip in recent years.
Details
Source
Originally published at www.fool.com.