Pharma giant takes $95 million stake in France’s Valneva

Pfizer has purchased an 8.1% stake in Valneva. The companies are collaborating on a Lyme disease vaccine. PFE shares recently broke through long-term support. With markets closed for the Juneteenth holiday on Monday, Pfizer (PFE) announced a $95.2 million stake in French vaccine maker Valneva, according to Reuters. The investment gives Pfizer an 8.1% position … Read more

3 Pharmaceutical Stocks to Protect your Portfolio: ABBV, BMY, MRK

While the S&P 500 has lost more than 13% of YTD, pharma stocks are up 6%. BMY, MRK and ABBV have all beaten the pharma index YTD. All three pharmaceutical stocks are relatively cheap and sport sizable dividends. All the top most-favored growth stocks of the last two years have been humbled in 2022. Since … Read more