Sanofi (SNY) 2nd Dupixent Prurigo Nodularis Study Meets Goal (Revised)
Zacks Investment Research | Jan 21, 2022 12:06AM ET
Sanofi (NASDAQ:SNY) industry ’s rally of 17.5%.
Regeneron’s stock has risen 14% in the past year against the industry ’s decrease of 37%
Dupixent is being jointly marketed by Regeneron and Sanofi under a global collaboration agreement. Sanofi records global net product sales of Dupixent while Regeneron records its share of profits/losses in connection with global sales of the drug.
Dupixent is now approved in the United States, the EU and some other countries for three type II inflammatory diseases, namely uncontrolled chronic rhinosinusitis with nasal polyposis, moderate-to-severe asthma and moderate-to-severe atopic dermatitis. The frequent label expansion approvals are driving the drug’s sales higher.
Dupixent has become the key driver of the top line for Sanofi and profits for Regeneron. Dupixent generated third-quarter global product sales of $1.66 billion, which were recorded by Sanofi. Sanofi and Regeneron are also studying dupilumab in late-stage studies in a broad range of diseases driven by type 2 inflammation like chronic obstructive pulmonary disease, eosinophilic esophagitis, bullous pemphigoid, chronic spontaneous urticaria and some more.
With outside U.S. revenues accelerating and multiple approvals for new indications expected in the near future, Dupixent’s sales are expected to be higher.
Sanofi currently has a Zacks Rank #5 (Strong Sell). Regeneron presently carries a Zacks Rank #2 (Buy).
You can see BNTX , which have a Zacks Rank of 1 (Strong Buy),
Pfizer’s stock has risen 52.3% in the past year. Estimates for Pfizer’s 2022 earnings have gone up from $3.86 to $5.80 over the past 60 days.
Pfizer’s earnings performance has been mixed, with the company exceeding earnings expectations in three of the last four quarters while missing in one. PFE has a four-quarter earnings surprise of 10.85%, on average.
BioNTech’s stock has surged 64% in the past year. Estimates for BioNTech’s 2022 earnings have gone up from $31.14 to $32.52 over the past 60 days.
BioNTech topped earnings estimates in each of the last four quarters. BioNTech has a four-quarter earnings surprise of 132.44%, on average.
(We are reissuing this article to correct a mistake. The original article, issued on January 20, 2022, should no longer be relied upon.)
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