Healthcare stocks refer to shares of publicly traded companies that operate within the healthcare industry. This sector encompasses a wide range of businesses involved in the development, production, and distribution of medical products, services, and technologies. Types of healthcare stocks include those from pharmaceutical companies, biotechnology firms, medical device manufacturers, healthcare service providers, and health insurance companies. Investors often track healthcare stocks for their potential growth opportunities tied to advancements in medical technology, demographic trends (such as an aging population), and changes in healthcare regulations. The performance of healthcare stocks can be influenced by factors such as drug approvals, market demand for healthcare services, and broader economic conditions. Investing in healthcare stocks can provide exposure to the broader healthcare industry’s performance and can be a strategic component of a diversified investment portfolio.
Legend Biotech Corporation is becoming a significant player in the healthcare sector amidst financial strain and challenges like inflation and labor shortages. The U.S. healthcare technology market is expected to…