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In today’s briefing:
- IDT Australia (IDT): Poised to Benefit from RNA and On-Shoring
- Starpharma Holdings (SPL AU): Ready to Fly High as Viraleze Anti-Viral Nasal Spray Relaunched in UK
- Shimadzu (7701 JP): Weak Yen Supports Guidance
IDT Australia (IDT): Poised to Benefit from RNA and On-Shoring
- DT Australia has a long track record as a manufacturer of pharmaceutical drugs, including both active pharmaceutical ingredients (API) and finished drug products at its facilities in Melbourne.
- However, over the past decade it has been squeezed by cheaper overseas manufacturers.
- IDT reported its first operating profit for a decade in FY21, supported by a Covid-related Sterile Readiness government contract to recommission its sterile manufacturing facilities that could be used to manufacture a commercial Covid-19 vaccine, if required.
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Starpharma Holdings (SPL AU): Ready to Fly High as Viraleze Anti-Viral Nasal Spray Relaunched in UK
- Starpharma Holdings (SPL AU) is an emerging biopharma company. The company has commercialized its flagship product Viraleze antiviral nasal spray in March 2021. It is now registered in 30+ countries.
- On June 30, Starpharma announced the relaunch of Viraleze in UK, one-year after its sales were paused temporarily in June 2021, thereby removing a major overhang on the share prices.
- Viraleze has shown strong potential to inactivate a broad spectrum of respiratory/cold viruses, including multiple variants of SARS-CoV-2 and influenza A and B.
Shimadzu (7701 JP): Weak Yen Supports Guidance
- The weak yen should add several billion to operating profit this fiscal year, helping the company meet or exceed guidance.
- Medical Systems, which were once barely profitable, generated a 9.1% operating margin last year due to growing service revenues and a better product mix.
- The share price should continue to hold up in a declining market.
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