11 Cheap Pharmaceutical Stocks to Buy Now

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3. Johnson & Johnson (NYSE:JNJ)

Forward P/E: 15.18

Number of Hedge Fund Holders: 91

Johnson & Johnson (NYSE:JNJ) is one of the top cheap pharmaceutical stocks to buy now. On July 29, Johnson & Johnson (NYSE:JNJ) MedTech announced the launch of the VIRTUGUIDE™ System, an AI-powered, patient-matched solution that supports the Lapidus procedures.

The Lapidus procedures are a kind of bunion surgery that joins two bones near the arch of the foot (the first metatarsal bone and the medial cuneiform) to realign them.

The system employs pre-operative planning software to “assess each patient’s bunion and make personalized recommendations for the intended correction”. The software was developed in collaboration with PeekMed.

Management stated that bunions affect nearly one-third of adults in the US, ranking it among the most common foot problems. However, the traditional Lapidus surgery for its treatment is often challenging.

The VIRTUGUIDE™ AI Lapidus System addresses these challenges by reducing surgical complexity and offering a streamlined approach.

Johnson & Johnson (NYSE:JNJ) develops, manufactures, and sells products in the healthcare field. The company operates through two segments: Innovative Medicine and MedTech.

The MedTech segment includes an elaborate range of medical devices and products used in cardiovascular intervention, orthopedics, interventional solutions, surgery, and vision fields.

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