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Stock impact report

KeyBanc Sees Injectable GLP-1s Driving Ongoing Demand for WST [Yahoo! Finance]

West Pharmaceutical Services, Inc. (WST) 
Last west pharmaceutical services, inc. earnings: 4/23 06:00 am Check Earnings Report
US:NYSE Investor Relations: investor.westpharma.com
Company Research Source: Yahoo! Finance
KeyBanc sees limited risk to oral weight loss drugs through 2030, even with the potential approval of an oral version of Wegovy. In a research note, the firm said oral GLP-1 adoption is likely to stay capped in both the near and longer term, despite new products entering the market. KeyBanc estimates the oral version of Wegovy would add only about 200 basis points to total GLP-1 market share by 2030. The firm also believes GLP-1 suppliers are taking a cautious view on market penetration. West Pharmaceutical Services, Inc. (NYSE:WST) and Stevanato Group have both pointed to assumptions that oral drugs could eventually account for 30% of the overall GLP-1 market. KeyBanc is more conservative and expects injectable formats to remain the primary growth driver as next-generation GLP-1s roll out. Under that scenario, both suppliers should continue to see volume ramp. Earlier in October, West Pharmaceutical Services, Inc. (NYSE:WST) raised its full-year profit forecast after reporting bet Show less Read more
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