Report
Karen Andersen
EUR 100.00 For Business Accounts Only

Maintaining Our Sobi FVE Following 4Q Results; Roche's Hemlibra Launching in 2019

Sobi reported fourth-quarter 2018 results that were slightly stronger than we had modeled, largely due to royalties and in-market sales for hemophilia drugs Elocta and Alprolix and hemophilia manufacturing revenue, resulting in SEK 9.1 billion in revenue and SEK 8.97 earnings per share for the full year. We don't expect any significant changes to our SEK 240 per share fair value estimate, which is based on a stand-alone fair value of SEK 182 and a 50% probability of an acquisition at SEK 299, wh...
Underlying
Swedish Orphan Biovitrum AB

Swedish Orphan Biovitrum AB is a healthcare company focused on rare diseases. Co. develops, manufactures and commercializes treatments with a particular focus on four therapeutic areas: Inflammation, Genetics & Metabolism, Haemophilia and Neonatology. Co. also markets a portfolio of rare disease products for partner companies. Co.'s pipeline programmes include research and development focused on recombinant protein drugs in late preclinical and clinical phase for indications.

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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