Maintaining Jazz Pharmaceutical's $152 Fair Value Estimate After Soft Second-Quarter Results
We are maintaining Jazz Pharmaceutical's $152 per share fair value estimate after second-quarter results. The effect of U.S. approval for Jazz’s acute myeloid leukemia drug Vyxeos to our model was balanced by increased full-year estimates for sales, general, and administrative costs. Growth from product sales, including Xyrem, Erwinaze, and Defitelio, were lackluster, but we were already on the low end of guidance. Jazz’s dependence on lead narcolepsy drug Xyrem prevents us from awarding a moat ...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.
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