bullish
Otsuka Holdings (4578 JP) 1Q22: Global Products Continued Double-Digit Revenue Growth
393 Views25 May 2022 20:16
SUMMARY
- Otsuka Holdings (4578 JP) started 2022 on a strong note, with 13% y/y revenue growth in Q1. Growth was driven by four global products, which contributed 36% of total revenue.
- Otsuka has terminated its global license agreements with Akebia Therapeutics related to vadadustat for the treatment of renal anemia and recorded an impairment loss of ¥24 billion.
- Despite the impairment losses related to vadadustat, Otsuka reiterated 2022 guidance and expects double-digit growth in operating and net profits.
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Tina Banerjee
Global Healthcare Analyst
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