5 Best Pharma Stocks to Buy Now

Page 1 of 5

In this article we discuss the 5 best pharma stocks to buy now. If you want to read our detailed analysis of the pharma industry, go directly to 10 Best Pharma Stocks to Buy Now.

5. Eli Lilly and Company (NYSE: LLY)

Number of Hedge Fund Holders: 50

Eli Lilly is one of the best pharma stocks to buy now. The company, which was the first to mass-produce the polio vaccine, is behind various famous drugs including Humulin (insulin medication), Humalog (insulin lispro) and Basaglar. It also makes Prozac, Dolophine, Cymbalta and Zyprexa. The company’s recently revealed patient-reported outcomes for investigational use of Verzenio for high-risk early breast cancer show positive results. The company’s Alzheimer’s treatment donanemab showed mixed results in a latest trial. Jefferies said in a report that LLY’s positive Phase II donanemab study adds another positive data point to Abeta antibodies.

According to our database, the number of LLY’s long hedge funds positions decreased at the end of the fourth quarter of 2020. There were 50 hedge funds that hold a position in LLY compared to 60 funds in the third quarter. The biggest stakeholder of the company is Fisher Asset Management, with 5.04 million shares, worth $850.6 million.

Page 1 of 5