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The Canadian pharmaceutical market is the 10th largest in the world. What are the biggest pharma stocks on the TSX and TSXV?
The Canadian pharmaceutical market is the 10th largest in the world and accounts for 2 percent of the global prescription drug market. But what are the biggest Canadian pharma stocks?
Many of the most successful Canadian drug companies are in the late stages of clinical trials, have brought pharmaceutical products to market or have partnered with other companies to develop and market products, both in Canada and globally. Interestingly, out of all the Group of Seven countries, Canada has the lowest production cost index in the pharmaceutical industry.
Investors must include the Jamieson Wellness stock and Canopy Growth stock in their watchlists. Both stocks are well-positioned for explosive growth in 2021.