Report
Chris Kallos, CFA
EUR 101.80 For Business Accounts Only

Positive clinical trial results could significantly expand the market opportunity for Sirtex.

We are increasing our fair value estimate for no-moat Sirtex to AUD 15.50, largely driven by time-value-of-money considerations. The adjustment is in conjunction with news of brand-specific national reimbursement for SIR-Spheres being granted in Spain for patients with liver metastases from colorectal cancer, unresponsive or intolerant to other treatments. 
Although positive, this is largely factored into our base case for Sirtex with respect to the European market. Our key European market assu...
Underlying
Sirtex Medical Limited

Sirtex Medical is a global life-sciences company based in Australia. Co. is engaged in developing and delivering effective oncology treatments using novel small particle technology. Co.'s main product is a targeted radioactive treatment for liver cancer called SIR-Spheres® Y-90 resin microspheres. SIR-Spheres Y-90 resin microspheres are a medical device used in interventional oncology and delivered to the liver via Selective Internal Radiation Therapy.

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
Chris Kallos, CFA

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