12 Best Middle East and Africa Stocks To Buy Right Now

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1. Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Number of Hedge Fund Investors: 61

Teva Pharmaceutical Industries Limited (NYSE:TEVA) is a multinational pharmaceutical company headquartered in Israel. The company has a significant presence in both generic and specialty medicines, including treatments for central nervous system disorders and respiratory diseases.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) is actively investing in its innovative pipeline, with a focus on developing and commercializing novel treatments for various therapeutic areas. The company has made significant progress in its anti-TL1A program, which is being developed in partnership with Sanofi, and is expected to bring a new treatment option for patients with ulcerative colitis and Crohn’s disease. Additionally, Teva Pharmaceutical Industries Limited (NYSE:TEVA) is advancing its Olanzapine LAI program, which has shown promising results in Phase 1 and is being developed as a long-acting injectable treatment for schizophrenia.

Teva Pharmaceutical Industries Limited (NYSE:TEVA) is also expanding its biosimilar portfolio, with a focus on cost-effective alternatives to expensive biologic drugs. The company has a robust pipeline of biosimilar candidates targeting various therapeutic areas, including autoimmune diseases and oncology. By investing in biosimilars, the company aims to capitalize on the increasing demand for affordable treatments and reduce its reliance on generic competition.

While we acknowledge the potential of Teva Pharmaceutical Industries Limited (NYSE:TEVA) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TEVA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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