12 Best Healthcare Stocks to Buy Now

8. Gilead Sciences Inc. (NASDAQ:GILD)

Year to Date Performance as of June 16: 19.70%

Hedge Fund Holding: 79

Gilead Sciences Inc. (NASDAQ:GILD) is one of the 12 best healthcare stocks to buy now. Nevertheless, the company suffered a significant setback after the US Food and Drug Administration put on hold studies of several of its HIV drugs on June 11.

The FDA placed a hold on the HIV treatment trial of GS-1720 and GS-4182 on the identification of the safety signal of a decrease in CD4+ T-cells in trials. Gilead insists it is collaborating with authorities and working to resolve underlying issues. However, the FDA hold did not in any way affect multiple other HIV treatment combinations that the company is working on.

The combination is one of the several drugs that Gilead is working on to replace any revenue it could lose in case its bestselling HIV drug, Biktarvy, loses patent protection.

Gilead Sciences Inc. (NASDAQ:GILD) is a research-based biopharmaceutical company that discovers, develops, and commercializes innovative medicines in areas of unmet medical need. Each discovery and investigational drug candidate seeks to improve the care of patients living with life-threatening diseases worldwide.