15 Best Biotech Stocks to Buy According to Billionaires

5. Amgen Inc. (NASDAQ:AMGN)

Number of Billionaires: 14 

Dollar Value of Billionaire Holdings: $1,412,039,283 

Amgen Inc. (NASDAQ:AMGN) discovers, develops, manufactures, and markets human therapeutics. It provides patients with complicated tumors with innovative treatments, particularly in regions where there are a lot of unmet needs. The corporation had 14 medications at the end of fiscal Q4 2024, each of which had an annualization of over $1 billion. Over the course of the decade, a number of them are anticipated to be important growth drivers for the business.

Additionally, Amgen Inc. (NASDAQ:AMGN) has a robust rare illness portfolio that is anticipated to grow in 2025 with the possible international regulatory approval of TEPEZZA, the first and only FDA-approved medication for the treatment of Thyroid Eye disease (TED). As one of the best biotech stocks in the industry, it is anticipated that the company’s rare disease business will continue to grow as additional indications for UPLIZNA, which treats neuromyelitis optica spectrum disorder (NMOSD), are introduced.

EVENITY, which targets osteoporosis in postmenopausal women, and Repatha, which addresses heart disease and cholesterol, are two medications that consistently provide the company with robust growth. The product Repatha has grown to be worth billions of dollars. Its rise is being further fueled by heart disease, the world’s leading cause of mortality. With the anticipated five-year payoff from its October 2023 acquisition of Horizon Therapeutics, analysts are optimistic about the stock.

PGIM Jennison Health Sciences Fund stated the following regarding Amgen Inc. (NASDAQ:AMGN) in its Q2 2024 investor letter:

“Amgen Inc. (NASDAQ:AMGN) is a large-cap global biotech company with a diverse portfolio of marketed and pipeline products. Amgen’s discovery pipeline has led the company to broaden its focus from oncology, immunology, and renal disease to include musculoskeletal, cardiovascular, and neurologic conditions. In addition, Amgen has turned its expertise in antibody manufacturing into a leading position in the development of biosimilars of competitor drugs. Most recently, Amgen shares advanced in 2Q following its announcement that its novel injectable GLP-1 agonist / GIPR antagonist, MariTide, for obesity, showed promising interim Phase 2 data and has shown enough promise to warrant advancement into pivotal trials as soon as late 2024. While Eli Lilly and Novo Nordisk will remain the market leaders in the diabetes/obesity space, we think there is room for Amgen to carve out a meaningful share of the market with its antibody-peptide conjugate approach that could enable monthly or better dosing for MariTide.”