Genfit entering commercial stage after FDA green light
Historical moment for Genfit: elafibranor (Iqirvo) approved by the FDA. Based on available information, label comparable to Ocaliva (Intercept/AdvanzPharma) which generated above USD 300mn sales in FY23 despite unfavorable therapeutic characteristics (Pruritus aggravation). Approval triggers EUR 48Genfit is a biopharmaceutical company engaged in the discovery and development of drugs and biomarkers in therapeutic areas of high unmet need due to the lack of effective treatments or diagnostic tools and/or due to the increasing number of patients worldwide. Co. concentrates its research and development efforts to participate in the commercialization of treatment solutions and diagnostic tools to fight certain metabolic, inflammatory, autoimmune or fibrotic diseases affecting especially the liver (such as non-alcoholic steatohepatitis or "NASH").
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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