Immuno-Oncology Drugs Post Strong Data at ASCO, Supporting Our 2021 $28 Billion Sales Estimate
At ASCO, strong immuno-oncology data continues to support our 2021 $28 billion sales estimate for the drugs, above the $22 billion consensus estimate. We view Bristol-Myers Squibb and Roche as the best investment opportunities in IO; we view these companies as well as Merck and AstraZeneca as strengthening their wide moats based on excellent efficacy of IO drugs combined with strong pricing power.Solid IO drug efficacy in several cancers, including gastric (Merck’s Keynote-059), triple negativ...
AstraZeneca is a holding company. Through its subsidiaries, Co. operates as a biopharmaceutical company engaged in discovering, developing, manufacturing and commercializing its pipeline of small molecule and biologic prescription medicines, including targeted business development through collaboration, in-licensing and acquisitions. Co. is focused on three main therapy areas: Oncology, Cardiovascular and Metabolic Diseases, and Respiratory. Co. is also selectively active in autoimmunity, infection and neuroscience. In addition, Co. works across small molecules, oligonucleotides and other drug platforms, as well as biologic medicines.
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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