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Kyowa Kirin (4151 JP): Reports Phase 3 Trial Result in Atopic Dermatitis; Rivalry Remains Doubtful

567 Views27 Sep 2024 18:16
​Kyowa Kirin's Phase 3 trial for rocatinlimab in Atopic Dermatitis met primary and secondary endpoints but efficacy data was less compelling than competitor drugs, leading to a sharp decline in shares
What is covered in the Full Insight:
  • Introduction to Kyowa Kirin and Rocatinlimab
  • Phase 3 Trial Results
  • Competitive Landscape Analysis
  • Market Opportunities and Challenges
  • Financial Performance and Outlook
Boomeranged on Sun, 3 Nov 2024 22:45
Kyowa Kirin maintained 2024 guidance, which calls for 5% decline in operating profit and 16% decrease in net profit. The company is expected to report a muted 4Q performance. Revenue from mainstay drug Crysvita (contributes ~40% of revenue) is expected to fall short of expectation in 2024. No immediate growth catalyst is seen for the company.
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Tina Banerjee
Global Healthcare Analyst
Health CareEquity Bottom-UpThematic (Sector/Industry)
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