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0 0 0.00301157077191328 0.00206054842288805 0.00266286257727067 0.00285306704707571 0.00237755587256301 0.00666349659217002
Stock impact report

Biopharma 2018: Growth At A Reasonable Cost (GARC) [Seeking Alpha]

bluebird bio, Inc. (BLUE) 
Last bluebird bio, inc. earnings: 2/18 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.bluebirdbio.com/investor-overview
Company Research Source: Seeking Alpha
Summary I maintain that the prospects for the biopharmaceutical industry are extremely favorable, driven by new drug discovery in oncology, hematology and inflammatory diseases. However, the stock valuations do not seem to reflect the prospects, with the above listed GARC (Growth At a Reasonable Cost) stocks trading at a blended P/E of 15x (which is below the overall stock market multiple). Gilead ( GILD ) reset Hepatitis C revenue expectations earlier this year to approximately 18% of the corporate total. With this appropriate forecast reduction, focus is now on the HIV franchise and the pipeline, both of which are promising. Regarding the former, Q2 2018 revenues of $3.7 billion increased by 13% and represented 66% of the corporate total (versus 46% in the prior year quarter). US Biktarvy sales were $183 million, and it is already the top regimen for switch patients, and according to management, it will achieve that position for treatment-naive patients. Descovy (FTC Show less Read more
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