KBC Securities - UCB S.A. (UCB) UCB FIRST LOOK : The FDAs Double Nod on UCBs Crown Jewels

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KBC Securities

Thomas Vranken

UCB FIRST LOOK : The FDA's Double Nod on UCB's Crown Jewels

The bells of victory ring at UCB, as the FDA has given its (long-anticipated) nods on Bimzelx and Zilbrysq. Bimzelx' approval in PsO launches the start of its US commercialization, and sets the timelines for filings in additional indications (PsA, axSpA, HS), while Zilbrysq enters the self-administration segment for gMG. Company provided strong € 4bn guidance for Bimzelx. We maintain our € 110 TP and Buy rating.

18/10/2023 1 EN

Underlying

UCB S.A.

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.

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BE0003739530 Euronext Brussels Belgium

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Thomas Vranken

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UCB FIRST LOOK : The FDA's Double Nod on UCB's Crown Jewels

We are a financial services provider for several types of professional clients, each with distinct needs.

Dynamic Top Pick List Update February 2026: Removing ASMi; Adding UCB

Benelux Morning Notes

Morning Notes : AKZA NA, ELI BB, MELE BB, UCB BB, ONWD BB

Zealand Pharma Positive phase 1a data for Kv1.3 channel blocker

Morning Notes : AED BB, ASRNL NA, BAR BB, COFB BB, UMI BB, IMCD NA, ZEAL DC

Dynamic Top Pick List update Removing Aedifica

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