Recentrage enclenché pour devenir une pure Specialty - NEUTRE - OC 69€
UCB annonce ce matin la vente de son business « génériques » Kremers Urban à Advent International et Avista Capital Partners pour un montant de 1,5Md$. Cette franchise « génériques » se spécialise sur des médicaments présentant à la base une barrière pharmacologique ce qui induit une difficulté de copie. La sortie de cette activité nous conduirait à diminuer nos BNA 15 - 16 de respectivement -13% et -6,5%. Bien que nous abaissons mécaniquement nos BNA, des différents recentrages d’activités réalisés par le secteur ces derniers mois, cette sortie nous parait totalement appropriée pour une société tournée vers des médicaments de spécialités. Ceci n’a toutefois aucun impact sur notre objectif de 69€ (+5%) et notre opinion à NEUTRE.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 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.
Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.
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