The best biotech plays outside the GLP-1 weight-loss market
BMO Capital Markets managing director of biopharma equity research Evan Seigerman joins Market Domination to discuss the best biotech plays outside of the GLP-1 weight-loss space.
The sky-high demand for GLP-1 weight-loss drugs has led the biotech sector to reach new heights over the last year, and Seigerman believes the trend is as "hot as ever." He notes that the 2024 European Association for the Study of Diabetes (EASD) meeting revealed key data highlighting the importance of these weight-loss drugs, and he believes that players like Eli Lilly (LLY) and Novo Nordisk (NVO) continue to lead the industry's growth.
However, he sees opportunities outside of the GLP-1 landscape, pointing specifically to Regeneron (REGN) and Vertex (VRTX) as prime examples. Vertex, a leader in cystic fibrosis research, makes up about $10 billion of its core franchise. The company is on track for early 2025 approval of its next-generation cystic fibrosis treatment as well as a non-opioid, non-addictive pain medication.
In addition, Vertex has partnered with CRISPR Therapeutics (CRSP) and received approval for Casgevy, a cell therapy treatment for sickle cell disease and beta-thalassemia. Seigerman notes that the uptake has been slow as it requires patients to be in the hospital for at least a month as they go through the process. However, he explains that the therapy works and is "really transformational" for patients.
While Seigerman is bullish on Vertex, he notes that the stock's price is rather high, trading in the upper $400s. The other risk he highlights is a non-opioid paid medication competitor coming to market.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Melanie Riehl
相關影片推薦
- 1:49黃昏天氣節目(11月13日下午6時) - 科學主任岑翊琳香港天文台4,250 次觀看・9 小時前
- 0:43科大計劃增聘100位教職員now.com 影音新聞59,924 次觀看・1 天前
- 2:14早晨天氣節目(11月13日上午7時) - 科學主任梁恩瑜香港天文台12,488 次觀看・20 小時前
- 1:56《職業特工隊:最終清算》電影預告Yahoo Movies HK47,124 次觀看・1 天前
- 2:05中國鄭州大學生瘋「夜騎」影片曝 傳破20萬人參與 多所大學宣布封校Yahoo 國際通180,982 次觀看・2 天前
- 4:29《焚城》專訪|梁仲恆日曬雨淋變人乾 建議廖子妤、王丹妮搞女團?Yahoo Movies HK58,573 次觀看・2 天前
- 5:10柏蔚森慘淡收場僅售1伙 二手大蝕25%蔓延村屋28Hse.com120,049 次觀看・3 天前
- 20:00【5天福岡大分】 DAY4 由布苑美景美食推薦+不得了住宿!星野集團「界由布苑」梯田絕景~一泊兩食超值分享!!貝遊日本622,982 次觀看・2 個月前
熱門必看
- 5:10胡‧說樓市|10月樓市轉旺,但旺量不旺價?Yahoo財經100,934 次觀看・1 天前
- 3:09【娛樂訪談】《出租大叔》張達倫:九運淨係中女?大叔都啱!Yahoo OMG Videos125,642 次觀看・4 天前
- 4:04【娛樂訪談】《黑色月光》暗黑林夏薇血拼楊茜堯再遇上「霍景良」…Yahoo OMG Videos111,246 次觀看・6 天前
- 1:20自助餐優惠|實測WM Hotel驚喜蟹主題Buffet!75折起任食焗蟹蓋/蟹粉流沙天使麵/即開生蠔Yahoo Video HK138,621 次觀看・6 天前
- 3:44【娛樂訪談】 《出租大叔》張達倫自爆曾遇女仔主動暗示…Yahoo OMG Videos121,660 次觀看・1 週前