This week I’m seeking a prestigious and long-term dividend-paying stock from the healthcare business sector.
That healthcare sector includes ten industries all related to testing, diagnosing and treating what ails us. Healthcare industries are: biotechnology; diagnostics & research; drug manufacturers – major and – specialty & generic; health care plans; long-term care facilities; medical care; medical devices; medical distribution; medical supplies.
Today I’m reviewing a mid-cap medical instruments and supplies firm, named West Pharmaceutical Services, Inc. Its trading ticker symbol is WST.
West Pharmaceutical Services Inc develops, manufactures and sells packaging components and systems for injectable drug delivery, including stoppers and seals for vials, closures and other components used in syringe, and prefillable syringe components.
The company operates through two segments, Proprietary Products and Contract-Manufactured Products.
The Proprietary Products segment offers stoppers and seals for injectable packaging systems;administration systems that enhance the safe delivery of drugs. It also provides drug containment solutions, including CZ, a cyclic olefin polymer in the form of vials, syringes, and cartridges. This segment serves biologic, generic, and pharmaceutical drug companies.
The Contract-Manufactured Products segment is involved in the design, manufacture, and automated assembly of components and devices used in surgical, diagnostic, ophthalmic, injectable, and other drug delivery systems, as well as consumer products. This segment serves pharmaceutical, diagnostic, and medical device companies.
The company distributes its products through its sales force and distribution network, as well as contract sales agents and regional distributors.
West Pharmaceutical Services, Inc. was founded in 1923 and is headquartered in Exton, Pennsylvania.
I use three key data points to gauge the value of any dividend equity or fund likeWest Pharmaceutical Services, Inc.(WST):
