Pharmaceutical Demand Expected To Increase
Part of the reason for the surge in demand is that many developed Western nations have aging populations. In addition, China and other developing nations are increasing their demand for popular drugs on the market. This, along with increasing demand worldwide, is causing many of the large drug manufacturers to report better than expected numbers despite coming out of one of the worst recessions.
Ways To Make Money Off This Increasing Demand
You can make money off this promising sector in many ways. The following stocks offer potential long-term growth in addition to improving earnings:
Eli Lilly and Co. (NYSE:LLY) reported better than expected earnings of $1.21 per share compared to 1.20 cents at this time last year. Chairman and CEO John C. Lechleiter said, "Lilly delivered solid financial rcontainment initiatives." esults in the third quarter, highlighted by international revenue growth and the impact of ongoing cost In spite of the global economic recession, the company continues to report higher drug sales and profits as a result of strong demand. (For further reading, see Measuring The Medicine Makers.)
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