UCB: FY 2020 and 2021 guidance beat expectations slightly | BUY | EUR135 (+66%)
UCB - BUY | EUR135 (+66%)FY 2020 and 2021 guidance beat expectations slightly
No real surprise with 2020 results, first guidance over 2025
Zilucoplan and rozanoloxizumab at the forefront in 2021
Buy reiterated
UCB is a global biopharmaceutical company focused on severe diseases in two therapeutic areas, namely central nervous system disorders and immunology. In the area of central nervous system disorders, Co. is focused on advanced Parkinson's disease, epilepsy, restless legs syndrome and epilepsy. In the area of immunology disorders, Co. is focused on rheumatoid arthritis, axial spondyloarthritis, psoriatic arthritis, systemic lupus erythematosus, juvenile idiopathic arthritis, post-menopausal osteoporosis, systemic lupus erythematosus and immunological diseases.
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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