Report
Damien Conover
EUR 100.00 For Business Accounts Only

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...
Underlying
Pfizer Inc.

Pfizer is a research-based biopharmaceutical company. The company is engaged in discovering, developing, manufacturing and distributing of healthcare products, including medicines and vaccines. The company manages its commercial operations through three businesses: Pfizer Biopharmaceuticals Group, which includes Oncology, Inflammation and Immunology, Rare Disease, Hospital, Vaccines and Internal Medicine business units, as well as a hospital business unit; Upjohn, which includes the company's solid oral dose brands such as Lyrica, Lipitor, Norvasc, Celebrex, Viagra, and certain generic medicines; and Consumer Healthcare, which is an over-the-counter medicines business.

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
Damien Conover

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