These 4 NZX healthcare stocks can be explored in 2022

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These 4 NZX healthcare stocks can be explored in 2022

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Highlights 

  • The Novavax COVID-19 vaccine could soon get approval from 10 regulators to be administered in different countries.
  • TruScreen Group makes significant progress in key markets.
  • Cannasouth is working on key research initiatives, including developing cost-effective extracts, and getting licences for its unapproved pharmaceutical products.

Recently, Novavax, the famous biotechnology company, has announced that its COVID-19 vaccine might be cleared by 10 different regulators for use in various countries in the coming few months.

At present, the said vaccine is available across 170 countries.

It is pointed out that the Company has applied for approval in countries like Japan, New Zealand, Australia, the UAE, the UK, etc.

Also, it has recently sent a consignment of its first doses of the vaccine to Europe upon receiving approval from the regulators belonging to the EU.

The vaccine maker has stated that its Novavax COVID-19 vaccine has lesser side effects when compared to the other vaccines.

That said, let us quickly walk through the four NZX healthcare stocks worth investing in this year.

Source: © 2022 Kalkine Media® data source- Refinitiv

Image description: NZ healthcare stocks- GXH, TRU, CBD, SUM

Green Cross Health Limited (NZX:GXH)

Green Cross Health Limited, the country’s well-known primary healthcare services provider, has revealed the appointment of Androulla Kotrotsos to the position of GM – Access Community Health.

Related Read: Green Cross (NZX:GXH) reports a robust six-month profit of NZ$9.7 million

It is noted that Androulla has been associated with GXH's pharmacy division for the last 10 years and has also worked as Chief Operating Officer within the Company’s Access Community Health.

On 13 January, at the end of the trading session, Green Cross Health was up by 2.52% at NZ$1.220.

TruScreen Group Limited (NZX:TRU)

TruScreen Group Limited has disclosed significant progression in key markets worldwide.  The Company’s device has been selected as the primary screening method in one of the leading hospitals in Vietnam.

Do Read: TruScreen (NZX:TRU) reports strong revenue growth of 25%

Further, TRU's Russian distributor is continuously spreading awareness about its technology across the Russian Federation, while its Mexican distributor will partner with a local medical device financing company, thereby getting a foothold of a strong client base in these two countries.

Moreover, studies in China reaffirms TruScreen’s role in cervical cancer screening across the country.

On 13 January, at the end of the trading session, TruScreen Group remained unchanged at NZ$0.089.

Cannasouth Limited (NZX:CBD)

Cannasouth Limited, the medicinal cannabis-based company, has revealed significant research initiatives with the support of funding from Callaghan Innovation.

Must Read: Why to look at 4 NZX-listed pharma stocks in 2022?

The Company is tirelessly researching on developing cost-effective extracts and has collaborated with a university for developing models for testing the efficacy of cannabinoids for ease in neuropathic pain, the outcome of which is likely to come this year.

Further, CBD is working on licensing its unapproved pharmaceutical products to meet the patient demand, thereby generating additional revenue for the Company.

On 13 January, at the end of the trading session, Cannasouth was flat at NZ$0.365.

Summerset Group Holdings Limited (NZX:SUM)

Summerset Group Holdings Limited, NZ’s famous operator and developer of retirement villages, has announced its 4Q21 metrics comprising 121 new sales and 113 resales.

Interesting Read: Are these 5 NZX mid-cap aiming to become large-cap stocks?

Despite the ongoing pandemic, SUM witnessed good growth in total sales pertaining to FY21, which rose by 25% on FY20.

Moreover, the Company looks strong in Q122, with 58% presold deliveries.

On 13 January, at the end of the trading session, Summerset Group Holdings declined by 0.67% at NZ$13.370.

Bottom Line

New Zealand boasts having a well-established network of healthcare companies that play a pivotal role in safeguarding the physical health of its people and the economy as a whole.

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