7 Healthcare Stocks to Buy for Your Retirement
With demand for healthcare surging, now is the time to buy for the long term
By Aaron Levitt
Source: Investor Place
http://investorplace.com/2016/04/health ... wXODKR96M8
"Our spending on those drugs will be relatively high but still manageable ... because they will be offset by more modest price increases for branded drugs and a rising level of savings from drugs losing patent protection," Aitken said.
Upcoming high-profile patent expirations include AstraZeneca's Crestor and Pfizer Inc's Lyrica and Viagra.
By 2020, there will also be increased competition from cheaper versions of pricey biotech medicines, known as biosimilars. The U.S. Food and Drug Administration has so far approved two biosimilars, with many more in development.
In 2015, generic drugs, including off-patent medicines still sold under brand names, accounted for nearly 89 percent of all prescriptions filled, IMS reported.
While diversified healthcare ETFs are sporting small year-to-date gains or modest losses, and some healthcare industry ETFs are thriving, biotech ETFs are still saddled with deep double-digit losses.
That is the bad news. The good news is that while biotech stocks and ETFs might not notch the boffo performances seen in 2013 or 2014, the group has recently been rebounding in impressive fashion.
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