The Titans Learning New Tricks
Now, you might think this is all about plucky startups in lab coats with more hope than revenue. And you’d be partly right. But the real story, for a cautious investor, might lie with the established giants. I’m talking about companies like Amgen, Gilead Sciences, and Biogen. These aren’t wide-eyed newcomers. They are behemoths of the industry, with billions in revenue from existing treatments.
What makes them interesting now is their pivot. Amgen, a stalwart in cancer and inflammatory diseases, is pushing into next-generation therapies. Gilead, famous for its work on HIV and Hepatitis C, is making aggressive moves into oncology. And Biogen, despite some well-publicised stumbles with its Alzheimer's drug, remains a powerhouse in neuroscience. They have the cash, the experience, and the distribution networks. They are the old guard learning very new, and potentially very profitable, tricks.