The recent stock market slide amid coronavirus fears and plunging oil prices peaked Thursday with the market’s worst day since 1987’s Black Monday.
But there are buying opportunities for farsighted investors.
Here are three stocks you could invest $10,000 today, which will likely pay off in dividends. (The Motley Fool)
Vertex Pharmaceuticals (NASDAQ:VRTX) haven’t fallen as much as most other stocks during the coronavirus correction. That makes sense. Biotech stocks shouldn’t be negatively affected by COVID-19, generally speaking. The companies’ drugs will still be needed. Their clinical studies of drug candidates will still move forward.
You can add an exclamation point to those statements when it comes to Vertex. The biotech dominates the worldwide cystic fibrosis (CF) market. Over the last few months, it’s picked up important reimbursement deals in Europe and elsewhere that should boost sales for several of its CF drugs. Vertex already won U.S. approval for Trikafta, its newest CF drug on the market, and awaits approval in Europe. The drug should expand the addressable patient population for its CF therapies by more than 50%.
Vertex’s pipeline is focused on several other rare genetic diseases. It’s partnering with CRISPR Therapeutics to test gene-editing therapies for treating beta-thalassemia and sickle cell disease. It’s evaluating VX-814 in a phase 2 clinical study targeting alpha-1 antitrypsin deficiency. Vertex also has preclinical and early stage clinical programs targeting other rare genetic diseases.
But the biotech doesn’t have its eyes only on rare diseases. Vertex is developing drugs that manage pain. Thanks to its acquisition of Semma Therapeutics last year, it’s also now on a path to advance an experimental drug to clinical testing that could potentially cure type 1 diabetes.
Continue reading at The Motley Fool.
Advertisement
Check Out This Product:
AAN Staff
The staff at American Action News are consummate professionals, who when not producing original, hard-hitting content, are scouring the internet to bring you the unfiltered news that matters to you! Our mission is to maximize your experience on our website. If we can ever be of assistance, please do not hesitate to let us know!
