Report
Damien Conover
EUR 98.48 For Business Accounts Only

Sanofi/Regeneron's Dupixent Approved at Higher Than Expected Price, But No Significant FVE Changes

Sanofi and Regeneron have received FDA approval for atopic dermatitis drug Dupixent, and while the price ($37,000 list price) is higher than we had modeled, we don't expect any significant changes to our $474 Regeneron and EUR 101/$54 Sanofi fair value estimates. Sanofi's diversified business model continues to support competitive advantages that warrant a wide moat rating, while Regeneron's approved portfolio (Eylea, Praluent, Dupixent) and pipeline (including upcoming approval of arthritis dru...
Underlying
Sanofi

Sanofi is an integrated, global healthcare company focused on patient needs and engaged in the research, development, manufacture and marketing of healthcare products. Two segments make up Co.'s business: Pharmaceuticals and Vaccines. The Pharmaceuticals segment covers research, development, production and marketing of medicines, consisting of flagship products, plus a broad range of prescription medicines, generic medicines, and consumer health products. The Vaccines segment includes research, development, production and marketing of vaccines in five areas: pediatric vaccines, influenza vaccines, adult and adolescent booster vaccines, meningitis vaccines, and travel and endemic vaccines.

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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