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AstraZeneca - On the verge of a breakdown - Respiratory portfolio (Symbicort and Pulmicort) threatened by Generics

The respiratory portfolio of AZN which so far has withstood generics attack, is now giving away. Yesterday's court ruling invalidating pulmicort respule patent and Teva filing a MAA in Europe for a generic equivalent of Symbicort has really shaken AZN base business. In addition recently Apotex announced invalidation of AZN Crestor patent in the Australia ($350m annual sales in 2012). We revise our 2013 core EPS estimate from $4.7 per share to $4.6 per share.

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AstraZeneca - On the verge of a breakdown - Respiratory portfolio (Symbicort and Pulmicort) threatened by Generics
Published By :MP Advisors
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