5 Personalized Medicine Stocks Billionaires Are Loading Up On

1. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Billionaire Investors: 19

Dollar Value of Billionaire Holdings: $2,384,906,137

Number of Hedge Fund Holders: 98

Thermo Fisher Scientific Inc. (NYSE:TMO) has secured first place on our list of the best personalized medicine stocks to invest in.

In 2018, Thermo Fisher Scientific Inc. (NYSE:TMO) opened its U.S. Precision Medicine Science Center (PMSC) in Cambridge, Massachusetts. Thermo Fisher Scientific’s PMSC is at the forefront of advancing precision medicine by enabling advanced personalized healthcare treatments.

Here’s what Polen Capital said about Thermo Fisher Scientific Inc. (NYSE:TMO) in its Q1 2023 investor letter:

“During the quarter, we also raised our position in Thermo Fisher Scientific Inc. (NYSE:TMO). The company effectively sells pickaxes and shovels to the life sciences industry, is well balanced, is durable, and has a strong management team at the helm. We took an initial position recently and are now raising it to an average weight within the Portfolio. During the most recent quarter, the company grew revenue 11% in constant currency. Core organic growth, excluding COVID-19 testing revenue which fell 16%, grew a very strong 13%. This company plays an important role within the Portfolio as a “safety” within our growth spectrum approach and over the next five years we expect EBITDA and EPS to grow at roughly low double digits and low teens, respectively.”

Disclosure: None. You can also take a look at the 10 Best Indian Stocks For Next 10 Years and the 10 Companies That Announced Huge Share Buybacks.