3 Healthcare Stocks That Might Soar if Biden Gets This Part of His Budget Approved
One of the most notable items in Joe Biden's recent budget proposal is $6.5 billion to create an agency called the Advanced Research Projects Agency for Health, or ARPA-H. The naming is intended to mirror DARPA, the defense agency that had a hand in producing the internet, GPS, and Boston Dynamics robots like this.
The goal of the agency would be to lead the charge in curing cancer, Alzheimer's, and diabetes. The latter affects just over one in 10 Americans and accounts for 24% of healthcare spending by some estimates. If the agency is created, that could send funding toward cutting-edge diabetes research from companies like CRISPR Therapeutics (NASDAQ: CRSP) and Vertex Pharmaceuticals (NASDAQ: VRTX), as well as those helping better manage the disease like Teladoc's (NYSE: TDOC) Livongo unit.
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Source Fool.com
