bullish
Astellas Pharma (4503 JP): FY23 Result and FY24 Guidance Meet Expectation; New Drugs Hold Key
433 Views30 Apr 2023 00:40
SUMMARY
- Astellas Pharma (4503 JP) recorded 17% growth in revenue to ¥1,519B in FY23, driven by 24% growth of Xtandi. Core operating profit grew 17% and core net profit increased 18%.
- The company has guided for flat revenue and core operating profit for FY24, mainly due to negative impact of Fx.
- Astellas expects to obtain FDA approval for fezolinetant for vasomotor symptoms associated with menopause in May 2023. The company will file for marketing approval for zolbetuximab in Q1FY24.
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Tina Banerjee
Global Healthcare Analyst
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