Three cheap pharma stocks to buy now

Look for reasonably-valued pharmas to grow your portfolio, says professional stock picker Samuel D Isaly. Here, he tips three such stocks to buy now.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: Samuel D Isaly, founder and managing partner of Orbimed Advisers LLC.

Large-cap pharmaceutical companies are at a turning point now that the worst of the patent cliff' where patent protection on products expire and hence prices come under downward pressure has passed. Indeed, some of them stand to benefit from new product development and offer valuations that could rise sharply in the near term. We look for reasonably-valued stocks that strive to maintain above average growth profiles and boast strong fundamentals.

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Samuel D Isaly is founder and managing partner of OrbiMed Advisers LLC.