In honor of March Madness, the Motley Fool's health-care team assembled their own bracket consisting of the 16 largest and best pharmaceutical and biotech stocks on the market. The series kicks off with a tough match up between Abbott (NYSE:ABT), the medical device giant that recently spun-off its pharmaceutical division, and diabetes giant Novo Nordisk (NYSE:NVO). To learn the bull and bear cases for each stock -- and to see which stock will move on to the Elite Eight -- watch the video below.

Brenton Flynn has no position in any stocks mentioned. Max Macaluso, Ph.D. has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.