Portfolio StrategyManagement noted that IRA-related price cuts appear manageable but also noted that the 9-year price setting for small molecules vs the 13-year price setting for biologics is an issue that potentially impacts portfolio decisions in favor of biologics.
Regulatory ChallengesManagement noted that IRA-related price cuts appear manageable but also noted that the 9-year price setting for small molecules vs the 13-year price setting for biologics is an issue that potentially impacts portfolio decisions.
Stock ValuationThe target price implies modest upside from current levels, suggesting that revenue upside is mostly priced in.