bearish
Square Pharmaceuticals (SQUARE BD): Too Many Competitors Spoil the Party for Covid-19 Oral Drug
213 Views29 Nov 2021 00:29
SUMMARY
- Square Pharmaceuticals (SQUARE BD) received approval for oral Covid-19 pill along with four other companies in Bangladesh, with no product or pricing differentiation.
- No immediate sign of export acceleration due to completion delay of Kenya plant, which targets to serve Common Market for Eastern and Southern Africa (Comesa) population of approximately 400 million.
- Recent top and bottom-line growth are lagging peers. With no immediate catalyst seen, investors should avoid the stock.
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Tina Banerjee
Global Healthcare Analyst
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