AbbVie's Biosimilar Deal With Amgen Strengthens Its Outlook for Cashflows
We are increasing our AbbVie fair value estimate to $85 based on a favorable settlement with Amgen that delays our projections for a U.S. Humira biosimilar launch. AbbVie and Amgen announced a settlement stipulating Amgen’s biosimilar version of Humira can enter the U.S. market in January 2023 and the European market in October 2018. While the European timeline is in line with our expectations, the U.S. date of 2023 is five years later than our projections. However, while we are moving our expec...Planet Fitness is a holding company. Through its subsidiries, the company is engaged as a franchisor and operator of fitness centers. The company's stores include co-branded cardio equipment, free weights, strength machines, a workout area, a small retail area and a drink cooler. The company operates and manages its business in three business segments: Franchise, which includes operations related to its franchising business in the U.S., Puerto Rico, Canada, the Dominican Republic and Panama; Corporate-owned stores, which includes operations with respect to all corporate-owned stores throughout the U.S. and Canada; and Equipment, which includes the sale of equipment to franchisee-owned stores in the U.S.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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