Report

PSA Pharma / Healthcare: FY24 Q2 Results for Shionogi, Astellas, DSK

So far this week (as at 31 Oct), it has been a mixed bag of results for several pharma names. Analyst Nia Dokova reviews details of the FY24 Q2 performance at Shionogi, Astellas, Daiichi Sankyo.
Underlyings
Aberdeen Smaller Companies Income Trust

Aberdeen Smaller Companies Income Trust is an investment trust. Co. provides dividend and capital growth from a portfolio invested principally in the ordinary shares of smaller U.K. companies and U.K. fixed income securities. Co. invests in equities, corporate bonds and preference shares. Co. has appointed Aberdeen Fund Managers Limited (AFML) to act as the alternative investment fund manager. Co.'s portfolio is managed on a day-to-day basis by Aberdeen Asset Managers Limited (AAML) by way of a delegation agreement in place between AFML and AAML.

Astellas Pharma Inc.

Astellas Pharma is engaged in the development, research, manufacture, and sale of pharmaceuticals. Co. operates its operation in Japan, Americas, Europe, and Asia/Oceania. Co.'s principal product for the global market include "Xtandi" a therapeutic agent for prostatic cancer, "Eligard" a luteinizing hormone-releasing hormone (LHRH) agonist for the treatment of prostate cancer,"Prograf" an immunosuppressant used to prevent rejection in organ transplants, "Vesicare" a treatment for overactive bladder, "Harnal ( "Omnic" in the U.S. and Europe)" an 1 blocking agent for prostatic and urethral smooth muscle, and "Fungurad ("Mycamine" in the U.S. and Europe)" a candin-type antifungal agent.

Daiichi Sankyo Company Limited

Daiichi Sankyo is engaged in the research and development, manufacture, sales, and marketing of pharmaceutical products. Co. operates its operation in Japan, the Americas, Europe, China and Asia. Co. provides ethical pharmaceutical and proprietary drugs. Co.'s principal products include antihypertensive agent "Olmetec" ("Olmesartan" in overseas), ulcer treatment drug "NEXIUM," Alzheimer's disease treatment "Memary," anti-influenza treatment "Inavir," antiplatelet agent "Prasugrel," anticoagulant "Edoxaban," anti-inflammatory analgesic "Loxonin" Tape, synthetic antibacterial agent "Cravit," treatment for bone complications "RANMARK," and anticoagulant "LIXIANA."

Shionogi & Co. Ltd.

Shionogi is the parent company of a group engaged in the research and development, purchase, manufacture and sale of pharmaceutical products. Co.'s principal prescription drugs are "Crestor Tablet" for hyperlipidemia treatment, "Irbetan Tablet" for antihypertensive, "Cymbalta Capsule" for treatment for depression and depressive symptoms, "Finibax" and "Finibax Kit" for carbapenem antibiotic, "Differin Gel" for acne vulgaris treatment, "Pirespa Tablet" for idiopathic pulmonary fibrosis treatment, and "OxyContin Tablet" and "OxiNorm Powder" for cancer pain analgesic, and OTC drugs including "Sedes First," "Sedes Hi G," "Pylon," "Rapiacta Bag" and "Rapiacta Vial."

UBE Industries Ltd.

Ube Industries is engaged in the manufacture and sale of chemicals and cement products. Chemicals segment offers caprolactam, polyamide resins, polybutadiene, industrial chemicals, specialty products and fine chemicals. Pharmaceuticals segment offers active pharmaceutical ingredients and intermediates. Cement & Construction Materials segment offers cement, ready-mixed concrete, limestone and building materials. Machinery segment offers molding machines, industrial machinery and bridges and steel structures. Energy & Environment segment is engaged in the import and sales of coal and the supply of electric power. Co. is also engaged in the real estate business.

Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
Nia Dokova

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