Global Healthcare Analyst

Tina Banerjee

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/eisai-co-ltd" target="_blank" data-smartkarma-citation="entities:21001:1" rel="noopener">Eisai Co Ltd (4523 JP)</a> shares corrected more than 60% from highs over the disappointment from Alzheimer’s disease drug Leqembi. During H1FY24, Leqembi reported revenue of just ¥400M ($3M).</li>
<li>With approximately 40% revenue contribution, anti-cancer drug Lenvima is the top selling drug of Eisai. In the U.S., Lenvima patent protection will start to expire in US in October 2025.</li>
<li>In December, Eisai has submitted a marketing authorization application in Japan for tasurgratinib for biliary tract cancer. If approved, tasurgratinob will be a late entrant in a crowded market.</li>
</ul>



Eisai Co Ltd (4523 JP) shares corrected more than 60% from highs over the disappointment from Alzheimer’s disease drug Leqembi. During H1FY24, Leqembi reported revenue of just ¥400M ($3M).
With approximately 40% revenue contribution, anti-cancer drug Lenvima is the top selling drug of Eisai. In the U.S., Lenvima patent protection will start to expire in US in October 2025.
In December, Eisai has submitted a marketing authorization application in Japan for tasurgratinib for biliary tract cancer. If approved, tasurgratinob will be a late entrant in a crowded market.


Eisai Co Ltd (4523 JP): Why Performance Reversal Is Not Expected in Near-Term

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Incyte Corporation's results were a major disappointment as it failed to meet the revenue expectations as well as the earnings expectations of Wall Street.</li><li>In the third quarter, Incyte sustained robust double-digit revenue growth, achieving noteworthy pricing, reimbursement, and pipeline advancement milestones.</li><li>The quarter's product and royalty revenues reached $914 million, reflecting an 11% year-over-year growth propelled by Jakafi and Opzelura.</li></ul>

Incyte Corporation's results were a major disappointment as it failed to meet the revenue expectations as well as the earnings expectations of Wall Street.In the third quarter, Incyte sustained robust double-digit revenue growth, achieving noteworthy pricing, reimbursement, and pipeline advancement milestones.The quarter's product and royalty revenues reached $914 million, reflecting an 11% year-over-year growth propelled by Jakafi and Opzelura.

Incyte Corporation: Competitive Landscape and Market Positioning of Jakafi! - Major Drivers

<ul><li>Incyte Corporation delivered an all-around beat in the previous quarter.</li><li>With patient demand for all indications rising, net product revenues for the quarter increased.</li><li>The quarter also saw a rise in US patient demand, as total prescriptions grew over the previous quarter, and refills increased.</li></ul>

Incyte Corporation delivered an all-around beat in the previous quarter.With patient demand for all indications rising, net product revenues for the quarter increased.The quarter also saw a rise in US patient demand, as total prescriptions grew over the previous quarter, and refills increased.

Incyte Corporation: 4 Proven Strategies Driving The Recent Financial Performance - Financial Forecasts

Equity Capital Markets

<ul><li>Incyte had a terribly disappointing first quarter and failed to meet the revenue expectations as well as earnings expectations of Wall Street.</li><li>The company’s product revenue increased 14% year over year as Jakafi was in high demand among patients across all indications.</li><li>In hematology and oncology, the ongoing launches of Pemazyre and Minjuvi ex-U.S. were the primary factors in the 17% rise year over year.</li></ul>

Incyte had a terribly disappointing first quarter and failed to meet the revenue expectations as well as earnings expectations of Wall Street.The company’s product revenue increased 14% year over year as Jakafi was in high demand among patients across all indications.In hematology and oncology, the ongoing launches of Pemazyre and Minjuvi ex-U.S. were the primary factors in the 17% rise year over year.

Incyte Corporation: New Approvals for Opzelura and Zynyz & Other Drivers

<ul><li>Incyte Corporation generated strong financial performance in the last quarter and managed an all-around beat.</li><li>Revenues from the commercialized items in the company's current portfolio increased by 18% year over year.</li><li>We give Incyte Corporation a 'Hold' rating with a revised target price.</li></ul>

Incyte Corporation generated strong financial performance in the last quarter and managed an all-around beat.Revenues from the commercialized items in the company's current portfolio increased by 18% year over year.We give Incyte Corporation a 'Hold' rating with a revised target price.

Incyte Corporation: Continued Diversification In Derma & Oncology – Key Drivers

United States

Incyte Corp is a biopharmaceutical company. The Company discovers, develops and commercializes proprietary small molecule drugs, primarily used in oncology.

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Incyte Corp (INCY US)

Eisai Co Ltd (4523 JP): Why Performance Reversal Is Not Expected in Near-Term

Eisai shares are on downtrend due to disappointment with Alzheimer's drug. Top-selling drug Lenvima faces patent expiration in 2025. Eisai seeks...

Tina Banerjee

Incyte Corporation: Competitive Landscape and Market Positioning of Jakafi! - Major Drivers

Incyte Corporation's results were a major disappointment as it failed to meet the revenue expectations as well as the earnings expectations of...

Baptista Research

Incyte Corporation: 4 Proven Strategies Driving The Recent Financial Performance - Financial Forecasts

Incyte Corporation delivered an all-around beat in the previous quarter. With patient demand for all indications rising, net product revenues for...

Baptista Research

Incyte Corporation: New Approvals for Opzelura and Zynyz & Other Drivers

Incyte had a terribly disappointing first quarter and failed to meet the revenue expectations as well as earnings expectations of Wall Street. The...

Baptista Research

Incyte Corporation: Continued Diversification In Derma & Oncology – Key Drivers

Incyte Corporation generated strong financial performance in the last quarter and managed an all-around beat. Revenues from the commercialized...

Baptista Research

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Market Cap (USDm)

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Eisai Co Ltd (4523 JP): Why Performance Reversal Is Not Expected in Near-Term

​Eisai shares are on downtrend due to disappointment with Alzheimer's drug. Top-selling drug Lenvima faces patent expiration in 2025. Eisai seeks...

Tina Banerjee

Incyte Corporation: Competitive Landscape and Market Positioning of Jakafi! - Major Drivers

Incyte Corporation's results were a major disappointment as it failed to meet the revenue expectations as well as the earnings expectations of...

Baptista Research

Incyte Corporation: 4 Proven Strategies Driving The Recent Financial Performance - Financial Forecasts

Incyte Corporation delivered an all-around beat in the previous quarter. With patient demand for all indications rising, net product revenues for...

Baptista Research

Incyte Corporation: New Approvals for Opzelura and Zynyz & Other Drivers

Incyte had a terribly disappointing first quarter and failed to meet the revenue expectations as well as earnings expectations of Wall Street. The...

Baptista Research

Incyte Corporation: Continued Diversification In Derma & Oncology – Key Drivers

Incyte Corporation generated strong financial performance in the last quarter and managed an all-around beat. Revenues from the commercialized...

Baptista Research

Eisai shares are on downtrend due to disappointment with Alzheimer's drug. Top-selling drug Lenvima faces patent expiration in 2025. Eisai seeks...