bullish
Astellas Pharma (4503 JP): Some Recent Positive Developments That Will Yield Benefit in Long-Run
542 Views15 Dec 2023 09:30
SUMMARY
- Astellas Pharma (4503 JP) has been reporting a couple of positive developments over the last one month. These are right steps toward achieving sustainable and accelerated growth in long-term.
- Astellas received European Commission approval for Veoza for the treatment of moderate to severe vasomotor symptoms associated with menopause. This potential blockbuster drug has already been launched in the U.S.
- Astellas is acquiring Propella Therapeutics for $175 million. Propella’s clinical-stage lead candidate can be a challenger to the current standard-of-care in prostate cancer treatment.
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Tina Banerjee
Global Healthcare Analyst
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