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
- 4:22「用人唯忠」:從馬斯克到盧比奧 特朗普的新班底都有誰?BBC News 中文19,111 次觀看・2 天前
- 0:52政府一日發兩聲明就黎智英案反駁外國政府及團體now.com 影音新聞6,047 次觀看・8 小時前
- 1:02社協建議政府放寬護老者津貼申請條件now.com 影音新聞13,064 次觀看・18 小時前
- 2:17東望洋大賽 米捷利斯次回合第5 衛冕TCR世巡賽now.com 影音新聞1,532 次觀看・10 小時前
- 1:06韋志成︰商業考慮凌駕改善舊區 淪為大型商業地產項目now.com 影音新聞3,201 次觀看・17 小時前
- 2:10首部荷里活大片全程台灣取景!《台北追緝令》電影預告Yahoo Movies HK61,125 次觀看・2 天前
熱門必看
- 0:15北大嶼山公路往機場方向交通意外 涉及 15 車Yahoo Video HK16,452 次觀看・2 天前
- 3:33【娛樂訪談】《黑色月光》床上戲被叉頸 林夏薇反而最驚有雙下巴Yahoo OMG Videos42,750 次觀看・3 天前
- 5:10胡‧說樓市|10月樓市轉旺,但旺量不旺價?Yahoo財經151,487 次觀看・5 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 Videos159,558 次觀看・1 週前
- 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 Videos137,094 次觀看・1 週前