Report
Karen Andersen
EUR 98.48 For Business Accounts Only

Chugai's innovative internal pipeline and relationship with Roche support a narrow moat.

Chugai has filed for approval of PD-L1 antibody atezolizumab (marketed as Tecentriq in the U.S.) in non-small cell lung cancer in Japan, and we’re maintaining our JPY 3,660 fair value estimate, as the timing of the filing was as expected. We think the firm's symbiotic relationship with Roche and evidence of a culture of innovation support a narrow moat rating. Our forecast for 2017 also incorporates a return to mid-single digit top-line growth and double-digit earnings growth, as the firm moves ...
Underlying
Chugai Pharmaceutical Co. Ltd.

Chugai Pharmaceutical is a pharmaceutical company. Along with its subsidiaries, Co. is engaged in the research and development of new prescription medicines and the subsequent manufacturing, marketing and distribution activities. Co. sells its pharmaceutical products to the nationwide appointed stores in Japan, as well as in overseas, such as Germany, the U.K., France, Taiwan, China, South Korea and the U.S. Co., through its subsidiaries, is also involved in the management of research facilities, and the research on drug discovery, as well as the provision of literature research services for pharmaceutical information, and pharmaceutical academic information.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Karen Andersen

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