UTHR - Embedded Expectations Analysis - 2020 07 16
United Therapeutics (UTHR:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 4.3x Uniform P/E. At these levels, the market has bearish expectations for the firm, and management may have concerns about Orenitram, their prospects outside of pulmonary hypertension, and headwinds related to coronavirusSpecifically, management may be exaggerating the positive outcomes experienced by patients taking their Orenitram drug, and they may lack confidence in their ability to continue to expand beyond pulmonary hypertension. Management may also be concerned about softening new patient prescriptions due to the inability of patients to visit their physician's office. Finally, they may be concerned about the potential of their INCREASE trial
United Therapeutics is a biotechnology company. The company markets and sells four commercial therapies to treat pulmonary arterial hypertension (PAH): Remodulin? (treprostinil) Injection; Tyvaso? (treprostinil) Inhalation Solution; Orenitram? (treprostinil) Extended-Release Tablets; and Adcirca? (tadalafil) Tablets. The company also markets and sells an oncology product, Unituxin? (dinutuximab) Injection for treatment of high-risk neuroblastoma. The company also engages in research and development of new indications and formulations and delivery devices for its existing products, as well as new products to treat PAH and other conditions. The company also engages in organ transplantation-related technologies.
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