This story was originally published here.
What happened with Moderna Inc. (Nasdaq: MRNA) shows just how tough it can be to invest in biotech companies during a pandemic.
On May 18, the firm’s shares soared 20% on news that it had begun phase 1 trials of a potential COVID-19 vaccine.
However, since then, unexpected side effects, company executives dumping their shares and other issues have raised concerns about the vaccine.
Not to mention that Moderna is a relatively new company without a single product on the market yet.
In a little more than a week, its stock price fell from $80 to $52 — a 35% plunge.
The Moderna example shows that you can lose a lot of money quickly by betting on the wrong biotech firm.
But there’s a better, safer way to invest in biotech right now: the “picks and shovels” companies such as West Pharmaceuticals Services Inc. (NYSE: WST).
WST specializes in making syringes and other injectors. Its products will be essential for delivering a COVID vaccine when we eventually have one that works.
Wall Street seems to love this stock, as its shares are up more than 60% since March 23. And as we get closer to a vaccine, WST will go even higher.
Brian Christopher recommended WST in his April 8 article, noting that it has increased its dividend payouts for 27 years in a row.
I asked Brian to share his thoughts on WST’s recent surge, and how readers should approach buying it…
Editor's Note: Click here for the full story.
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Full details are revealed in this interview…
