bullish
SK Bioscience (302440 KS): Core Vaccines Gaining Traction; COVID Vaccine Gets International Approval
305 Views13 Jun 2023 18:37
SUMMARY
- SK Bioscience (302440 KS) recorded 5% YoY growth in core vaccine revenue to KRW17B in 1Q23, mainly driven by shingles vaccine, SKY Zoster due to its continued market leadership.
- In May 2023, SK Bioscience received marketing authorization of its COVID-19 vaccine, SKYCovion from the UK MHRA. SKYCovion became the eighth COVID-19 vaccine approved in the UK.
- SK Bioscience targets revenue of KRW220 billion by 2024 mainly through global expansion of existing in-house vaccines and expanding its contract manufacturing business.
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Tina Banerjee
Global Healthcare Analyst
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