May 11, 2021 at 6:03AM Follow @jimhalley
Dr. Reddy s Laboratories (NYSE:RDY) may be one of the best medical stocks you haven t heard of. The pharmaceutical company concentrates on generic and biosimilar medicines for cardiovascular disease, pain management, oncology, gastrointestinal ailments, dermatology, anti-infection treatments, and pediatrics. Though it is the third-largest pharmaceutical company in India, most of its sales (39%) are in North America.
The company s stock is down slightly this year (1.42%), but up more than 35% over the past 12 months, and trends are working in the company s favor. India is the world s largest exporter of generic medicines, responsible for 20% of the world s generic exports, according to Indian Chemical News. There s plenty of growth potential within the country as well, with India expected to surpass China as the most populous nation in the world by 2027.
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