From Gilead To AstraZeneca, Investors Should Watch These Biotech Giants Right Now

The outbreak of the novel coronavirus has prompted many investors to pay attention to the realm of healthcare services and drug manufacturing. Even folks who normally prefer investing in consumer goods and tech stocks may be more likely to dip their toes into the healthcare sector due to the market conditions from the COVID-19 pandemic.

Gilead Sciences (NASDAQ: GILD) is one healthcare stock that has been hard to ignore. The company made global headlines last week when the Food and Drug Administration granted its antiviral remdesivir an emergency use authorization for use as an investigational COVID-19 treatment. But this is far from the end of the story and there are many other pharma industry developments for market watchers to contemplate before deciding how to invest.

On May 5, the company announced it intends to expand the availability of remdesivir by partnering with companies that can facilitate rapid manufacturing and support the supply chain infrastructure. Gilead said that these partnerships are in discussions with companies that dominate pharmaceutical manufacturing in the European and Asian markets.

Source Fool.com