Unleashing Growth: Top Picks in Healthcare for December
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Here's why three of our experts picked Eli Lilly (LLY 0.85%), Novo Nordisk (NVO 0.81%), and Vertex Pharmaceuticals (VRTX -0.50%) as the ultimate growth stocks to consider buying in the healthcare sector this December.
The Tide May Turn for Eli Lilly
Prosper Junior Bakiny (Eli Lilly): Although Eli Lilly's share price has taken a dip, slipping by 14% in the past three months, our analyst sees this as a golden opportunity to invest in this unstoppable force in the pharmaceutical industry. The company's third-quarter financial results may have missed expectations, but its incredible growth drivers, such as Mounjaro and Zepbound, are still poised to surge on the horizon.
The company's robust pipeline, filled with exciting products like a once-weekly insulin medicine and weight-loss programs like retatrutide and orforglipron, ensures Eli Lilly remains a top choice for investors. Despite its momentary setback, the company's potential for growth remains promising, with a plethora of promising products in the pipeline.
Novo Nordisk: Bargain Buy With Massive Potential
David Jagielski (Novo Nordisk): For those looking to invest in a growth stock with long-term potential, Novo Nordisk is a no-brainer. The company's focus on diabetes and weight-loss drugs is particularly attractive, given that obesity remains a pressing global issue.
Wegovy, Novo Nordisk's weight loss drug, has become a significant game-changer in the obesity market. With the company still in the early stages of expanding its reach internationally, it promises explosive growth in the years to come.
Although Novo Nordisk's share price has experienced a drop of about 20% over the past six months, our analyst finds that there's no cause for concern in the long run. Novo Nordisk's growth potential remains remarkably robust, with continuing growth opportunities in weight loss and diabetes treatments as well as the possibility of new indications, including a potential weight loss pill.
Vertex Pharmaceuticals: Seven Paths to Significant Growth
Keith Speights (Vertex Pharmaceuticals): Vertex Pharmaceuticals is a primed growth stock with a myriad of opportunities on the horizon. Our analyst highlights seven key growth drivers that can propel the company forward:
- Trikafta sales expansion and reimbursement deals
- Casgevy commercialization
- Pending FDA approval for vanzacaftor triple-drug combo
- Suzetrigine approval for acute pain treatment
- Phase 3 studies for inaxaplin in APOL1-mediated kidney disease
- IgA Nephropathy treatment with phase 3 trials for povetacicept
- Type 1 diabetes cure potential with VX-880
Vertex Pharmaceuticals presents an optimistic growth story, with its leading position in cystic fibrosis treatment and a plethora of promising drugs, such as Trikafta, Alyftrek, and suzetrigine, providing a strong foundation for growth.
These three top picks within the healthcare sector exemplify the industry's capacity for growth. From Eli Lilly's impressive GLP-1 drugs and manufacturing capacity expansion to Novo Nordisk's dominance in the diabetes market and Vertex Pharmaceuticals' leading position in cystic fibrosis treatment and pain management, these companies represent robust investment opportunities for those seeking sectoral exposure.
In the realm of finance and investing, many investors might be interested in the growth potential of Eli Lilly, given its robust pipeline and promising products like Mounjaro and Zepbound, despite a temporary setback in its share price.
For those looking for long-term growth opportunities, Novo Nordisk's focus on diabetes and weight-loss drugs, such as Wegovy, could prove to be a significant investment due to the global issue of obesity and the drug's promising international expansion.
