Independent investment research firm Morningstar has published its latest Healthcare Observer, “Strong Pipelines Support Big Biotech and Big Pharma Moats and Attractive Valuations.”
In the report, Morningstar equity analysts rank the large-cap drug companies on three core metrics by 2020: new drug sales, sales lost to generic competition, and sales from older products not facing generic competition. The report also dives into a summary of the economic moats, or sustainable competitive advantages, of Big Pharma and Biotech stocks, including intangible assets in the form of patents, diversification, and pipeline productivity.
Key highlights of the Healthcare Observer include:
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