Despite some issues from the Akorn deal, Fresenius' execution has benefited its narrow moat.
We don’t anticipate a change to our fair value estimate for Fresenius as the company’s performance continues to mostly track our expectations, and management left its year-end outlook unchanged. The acquisition of Akorn, which should close by the end of the year, may not live up to management’s near-term goals following another quarter of relatively weak results based on competition on key products like ephedrine sulfate, limited new product launches, and supply disruptions. Regardless, Akorn st...
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