Report
Karen Andersen
EUR 100.00 For Business Accounts Only

Jazz Pharmaceuticals Starts Off 2019 Strong With Growth in All Major Products

We are maintaining our $153 fair value estimate for no-moat Jazz following the company's first-quarter results, which were mostly in line with our expectations. Total revenue of $508 million met our expectations and represents 14% growth from last year and 7% sequentially. Research and development spend was slightly below our expectations, but we don't plan to change our full-year outlook, as clinical trial costs may ramp up in the back half of the year.
Lead therapy Xyrem for narcolepsy contrib...
Underlying
Jazz Pharmaceuticals Public Limited Company

Jazz Pharmaceuticals is a biopharmaceutical company focused on identifying, developing and commercializing products that address unmet medical needs. Co.'s products and product candidates focus on sleep and hematology/oncology. Co.'s products are: Xyrem® oral solution, which treats both cataplexy and excessive daytime sleepiness, in patients with narcoleps; Erwinaze®, which treats patients with acute lymphoblastic leukemia, who have developed hypersensitivity to E. coli-derived asparaginase; and Defitelio®, which treats adult and pediatric patients with hepatic veno-occlusive disease, with renal or pulmonary dysfunction following hematopoietic stem cell transplantation.

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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