5 Safe Stocks To Invest in For Long Term

2. Merck & Co., Inc. (NYSE: MRK)

Merck & Co., Inc. (NYSE: MRK) is an American national pharma firm that produces medicines, vaccines, biologic therapies and animal healthcare products. The firm is most famous for selling Keytruda, the top immunology drug that is used to treat cancer patients. The firm has recently also joined the World Health Organization in recommending against the use of generic anti-parasite drugs to treat coronavirus patients. It is placed second on our list of 10 safe stocks to invest in for the long term.

The market value of the firm is well in excess of $200 billion and the firm has an annual revenue of close to $50 billion. The cancer drug that the company manufactures was alone responsible for at least $11 billion in sales last year. Last month, the firm invested close to $30 million in equipping a single-use production facility at its Science Centre in France. Earlier this month, it also completed the $1.8 billion takeover of drug maker Pandion Therapeutics.