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Diego Thomazini
GlaxoSmithKline (NYSE:GSK) and Sanofi (NASDAQ:SNY) had been the 2 finest performing giant cap European pharmaceutical firms in October as each returned ~10%.
GSK (GSK) was buoyed within the month by sturdy section 3 efficacy outcomes for its respiratory syncytial virus (RSV) vaccine candidate.
The European Medicines Company and Japanese regulators accepted purposes for the candidate later within the month. Extra international regulatory filings for the candidate are anticipated by the top of the yr.
The British pharma was additionally helped by a US FDA advisory panel’s overwhelming vote in favor of aprodustat for anemia brought on by power kidney illness.
Try Looking for Alpha’s contributor John Kingham’s evaluation of GSK (GSK) from a dividend investor’s perspective.
Sanofi’s (SNY) sturdy October displaying was enormously impacted by its sturdy Q3 2022 monetary outcomes, which not solely beat on the highest and backside strains, but additionally led to the corporate’s elevating its full-year steering.
Within the month, Sanofi additionally launched optimistic section 3 knowledge on Dupixent (dupilumab) for kids with eosinophilic esophagitis.
Looking for Alpha’s Quant Ranking views Sanofi (SNY) as a maintain with excessive marks for profitability and revisions.
Novo Nordisk (NVO) was the third finest performer of the month with a ~6.3% return.
The spotlight for the corporate got here early within the month with section 3 knowledge displaying that its insulin icodec bested once-daily basal insulin by way of decreasing A1c. Novo (NVO) expects to use for approval with regulators within the US, EU, and China in 1H 2023.
Learn why Looking for Alpha contributor Daniel Schonberger says that Novo (NVO) is a maintain as a result of the inventory is costly.
AstraZeneca (NASDAQ:AZN) was the fourth finest performer with a 5.7% return.
Maybe the most important improvement for the UK pharma within the month was the approval of Imjudo (tremelimumab) together with Imfinzi (durvalumab) to deal with grownup sufferers with unresectable hepatocellular carcinoma.
Later within the month, section 2 knowledge on camizestrant confirmed survival profit in comparison with Faslodex (fulvestrant) in sure breast most cancers sufferers.
Try Looking for Alpha contributor’s Keith Williams’ deep dive on investing in AstraZeneca (AZN).
The worst performer of the month was BioNTech (NASDAQ:BNTX), which eked out a small acquire of 0.8%.
BioNTech (BNTX) was damage within the month by studies that uptake within the US of the replace COVID-19 booster pictures has been weak.
The German biotech will launch Q3 2022 earnings on Monday earlier than the closing bell, and the consensus EPS and income estimates replicate huge declines from the year-ago interval.
Looking for Alpha’s Quant Ranking views BioNTech (BNTX) as a maintain with excessive marks for valuation, progress, and profitability.
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