Report
Christophe-Raphaël Ganet

Ipsen : What is the market pricing in?

>CMD uncertainties at stake - The stock has declined by 15% since the Capital Market Day. The market did not appreciate uncertainties over the generic risk for Somatuline®, approval for palovarotene and indication extensions for Cabometyx® and Onivyde®. Similarly, plans by the company to invest significantly in business development, in this case nearly € 3bn over the next four years, raised concerns over a significant increase in R&D spending.Moreover, the differ...
Underlying
Ipsen SA

Ipsen is global biotechnology specialty care company. Co. engages in research, development, manufacture and sale of pharmaceutical products for human healthcare. Co.'s product portfolio includes pharmaceutical products marketed around the world to specialists working in its targeted therapeutic areas (oncology, endocrinology, neurology and haematology). These products are specialist care drugs. Co. also markets products in other therapeutic areas including gastroenterology, cardiovascular and cognitive disorders. These products are primary care drugs. Co.'s brand names include Decapeptyl®, Somatuline®, Dysport®, Nutropin Aq®, Smecta®, Forlax®, Nisis®,Adrovance®, Exforge® and Adenuric®.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Christophe-Raphaël Ganet

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