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Santen Pharmaceutical (4536 JP): Future Is Uncertain Beyond Eylea

313 Views27 Apr 2022 23:09
SUMMARY
  • Santen Pharmaceutical (4536 JP) is the market leader for prescription ophthalmic pharmaceuticals in Japan, with 52% market share. 68% of total revenue comes from domestic market.
  • Santen’s key partnered drug, Eylea, which contributes 29% of total revenue, is set to lose patent protection in Japan this year.
  • Eylea is expected to face competition from biosimilars as well as new biologic drugs launched. This will limit Santen’s near-term growth potential.
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Tina Banerjee
Global Healthcare Analyst
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