1 Reason I'd Buy Eli Lilly Stock and Never Sell

Investing in pharmaceutical stocks can be tricky. Drugmakers put an enormous amount of time and money into research and development of new products. It takes more than 10 years to develop a new drug and costs, on average, $2.6 billion. Yet the vast majority of new drugs never make it to market. The success rate of new drug development, from conception to FDA approval, is about 8%. And while a drug patent is typically 20 years, much of that time is eaten up during the development period, before a drug goes ...