Report
Eric Le Berrigaud ...
  • Jean-Jacques Le Fur

SANOFI: Isatuximab is not better than Darzalex | BUY | EUR92 vs. EUR94 (+25%)

SANOFI - BUY | EUR92 vs. EUR94 (+25%)
Isatuximab is not better than Darzalex

Detailed results of ICARIA-MM study to be presented at ASCO
Good results but not better than with Darzalex
Darzalex will benefit from the subcutaneous administration
We reduce our forecasts for isatuximab
Underlying
Sanofi

Sanofi is an integrated, global healthcare company focused on patient needs and engaged in the research, development, manufacture and marketing of healthcare products. Two segments make up Co.'s business: Pharmaceuticals and Vaccines. The Pharmaceuticals segment covers research, development, production and marketing of medicines, consisting of flagship products, plus a broad range of prescription medicines, generic medicines, and consumer health products. The Vaccines segment includes research, development, production and marketing of vaccines in five areas: pediatric vaccines, influenza vaccines, adult and adolescent booster vaccines, meningitis vaccines, and travel and endemic vaccines.

Provider
Bryan Garnier
Bryan Garnier

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.

Analysts
Eric Le Berrigaud

Jean-Jacques Le Fur

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