5 Best Undervalued Stocks Under $50 to Invest In Now

2. Pfizer Inc. (NYSE:PFE)

Pfizer Inc. (NYSE:PFE) is one of the best undervalued stocks under $50 to invest in now. Pfizer Inc. (NYSE:PFE) announced on March 19 positive topline results from the Phase 3 TALAPRO-3 study of TALZENNA®, an oral poly ADP-ribose polymerase inhibitor, in combination with XTANDI®, an androgen receptor pathway inhibitor, in people with homologous recombination repair gene-mutated metastatic castration-sensitive prostate cancer, which is also known as metastatic hormone-sensitive prostate cancer. The company reported that the primary endpoint was met in the Phase 3 TALAPRO-3 study, exhibiting a statistically significant and clinically meaningful reduction in risk of disease progression or death in HRR gene-mutated metastatic hormone-sensitive prostate cancer.

Pfizer Inc. (NYSE:PFE) further said that consistent rPFS efficacy benefit was observed in patients whose tumors harbored BRCA and non-BRCA HRR gene alterations. In addition, an interim analysis highlighted a strong trend of improvement in overall survival. Management stated that the company will discuss the results with global health authorities for the potential expansion of TALZENNA indication in this earlier-stage disease.

Pfizer Inc. (NYSE:PFE) is a global biopharmaceutical company that manufactures, develops, markets, and sells biopharmaceutical products worldwide. It advances wellness, prevention, treatment, and cures in developing and emerging markets, and is also involved in developing immunotherapies that help the immune system to recognise and attack cancer cells.