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According to a report by Research and Markets, the global pharmaceuticals market is expected to grow at an 8% CAGR from 2021 – 2025.
Given this backdrop, we think it could be wise to bet on shares of established pharmaceutical companies Johnson & Johnson (JNJ), AstraZeneca PLC (AZN), GlaxoSmithKline plc (GSK), and Astellas Pharma Inc. (ALPMY). They are rated A (Strong Buy) in our proprietary POWR Ratings system and possess a solid combination of stability and growth attributes.
