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Astellas Makes Announcement about Management Structure
Prnewswire· 2025-02-04 06:30
TOKYO, Feb. 4, 2025 /PRNewswire/ -- Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, "Astellas") today announced that the following changes to its management structure effective April 1, 2025.Regarding the Changes in Management StructureAstellas aims to create and deliver "VALUE" for patients. To promote drug discovery activities swiftly and efficiently from the early stages of research through to commercialization with patient-centric approach, Astellas will change its management structur ...
Astellas and Dr. Jen Ashton launch "Cooler Moments" to Spotlight Menopausal Hot Flashes and Empower Women to Advocate for Themselves
Prnewswire· 2024-12-05 13:49
"Cooler Moments" educates and empowers women in midlife to speak up for themselves and celebrate this natural change in their lives.NORTHBROOK, Ill., Dec. 5, 2024 /PRNewswire/ -- Astellas Pharma US, Inc. (TSE: 4503, Head of US Commercial: Michael Petroutsas, "Astellas") today announced the launch of Cooler Moments in partnership with Dr. Jen Ashton, a leading women's health medical expert, Founder and President of Ajenda, and former network news Chief Medical Correspondent who is board-certified in OBGYN an ...
Astellas Announces Desert Oasis Healthcare as First Health System to Implement DIGITIVA™ for Heart Failure Management
Prnewswire· 2024-11-20 18:00
SAN FRANCISCO, Nov. 20, 2024 /PRNewswire/ -- Astellas Pharma U.S., Inc. (President: Mike Petroutsas, "Astellas") today announced that it has entered into an agreement with Desert Oasis Healthcare (DOHC), a member of Heritage Provider Network, to pilot DIGITIVA™, a non-invasive digital health solution for the management of heart failure patients. In the next few weeks, eligible patients receiving care with DOHC will begin using DIGITIVA as a new method for managing their heart health while working in partner ...
Should Value Investors Buy Astellas Pharma (ALPMY) Stock?
ZACKS· 2024-11-12 15:45
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe ...
Astellas(ALPMY) - 2024 Q2 - Earnings Call Transcript
2024-10-31 08:23
Financial Data and Key Metrics - Revenue increased by 22% year-on-year to 935.6 billion yen, with core operating profit rising by 36.2% to 183.1 billion yen [7][9] - Operating profit increased by 69.9% year-on-year to 93.7 billion yen, while net profit surged by 105.3% to 73.5 billion yen [9] - Full-year revenue and core operating profit forecasts were revised upward, shifting from an initial profit decline forecast to a profit increase forecast [8] Business Line Performance - XTANDI global sales grew by 25% year-on-year to 451.7 billion yen, driven by strong performance in the US and ex-US regions [10] - Strategic Brands (PADCEV, IZERVAY, VEOZAH, VYLOY, XOSPATA) collectively exceeded 150 billion yen in sales, with a year-on-year growth of over 90 billion yen [11] - PADCEV sales surged by 131% year-on-year to 75.4 billion yen, while IZERVAY sales reached 28.1 billion yen, exceeding initial expectations [11][12] - VEOZAH sales grew steadily to 14.8 billion yen, with 18 countries launched, contributing to regional expansion [12] - VYLOY, launched in Japan in June, achieved 1.2 billion yen in sales within four months, with approvals in Europe and the US expected to drive further growth [12][13] - XOSPATA global sales increased by 32% year-on-year to 34.8 billion yen, driven by increased FLT3 testing in the US [13] Market Performance - In the US, XTANDI benefited from market growth and the penetration of the M0 CSPC indication, with ex-US regions also performing well [10] - PADCEV saw rapid market penetration in the US, with a 55% new patient share, and growth in Europe and Japan following new approvals [15][16] - IZERVAY achieved a 40% market share in the US, with over 143,000 vials shipped since launch, and a new DTC campaign launched to raise disease awareness [18][19] Strategic Direction and Industry Competition - The company revised its full-year revenue forecast upward by 150 billion yen to 1.8 trillion yen, driven by strong performance from XTANDI and Strategic Brands [22] - The company is focusing on lifecycle management (LCM) initiatives for Strategic Brands, with new indications expected for PADCEV, VYLOY, and XOSPATA in the coming years [33] - The Focus Area Approach aims to advance flagship programs in immuno-oncology, targeted protein degradation, genetic regulation, and blindness/regeneration, with POC judgments expected by FY2025 [34][35] - The company is pursuing cost optimization initiatives to achieve a target operating margin of 30%, with expected savings of 120-150 billion yen by FY2027 [36][37] Management Commentary on Operating Environment and Future Outlook - Management highlighted the strong performance of XTANDI and Strategic Brands, with robust demand trends globally [10][11] - The company expects to offset the negative impact of the US IRA Medicare Part D redesign through strong global sales growth [10] - Management expressed confidence in the clinical profile of IZERVAY and is exploring options to bring the product to patients outside the US, including in Europe [25][26] - The company is committed to sustainable growth through cost optimization, lifecycle management, and pipeline development [38][39] Other Important Information - The company booked a net foreign exchange loss of 12.2 billion yen due to currency fluctuations [9] - SG&A expenses increased by 10.2% year-on-year, but the SG&A ratio to revenue improved by 3.2 percentage points due to cost management and Strategic Brands expansion [20] - R&D expenses increased by 21.4% year-on-year, driven by investments in clinical trials and in-house capabilities [20][21] Q&A Session Summary Question: Impact of IZERVAY label update and DTC campaign in the US - The label update impact was included in the initial plan, and the DTC campaign is expected to drive market expansion from Q3 onwards [43][44] Question: IZERVAY filing process in Europe and other regions - The company is exploring individual country submissions in Europe and consulting with regulatory authorities in Japan, China, and other regions [45][46][47] Question: Potential impairment loss on IZERVAY - The company is evaluating the asset value of IZERVAY outside the US, considering factors such as sales performance and competitive environment, but no specific impairment loss has been determined yet [53][54][55] Question: XTANDI growth outlook considering IRA impact - Management expects continued growth for XTANDI, driven by market expansion and patient retention, but the net impact of IRA and other factors will be clearer in FY2025 [56][57][58] Question: Capital allocation and shareholder returns - The company plans to prioritize business growth investments, with stable dividend increases and potential share buybacks if excess cash is available [60][61] Question: Competitive landscape for XTANDI - XTANDI's unique position in early-stage disease treatment and strong EMBARK data differentiate it from competitors, with Johnson & Johnson and Bayer being the main competitors in this space [66] Question: Future business development and pipeline strategy - The company will focus on advancing its primary focus flagship programs and may consider business development opportunities depending on pipeline progress and market conditions [67][68] Question: IZERVAY's competitive advantages in the US market - IZERVAY's strong safety profile and physician assessment have contributed to its market share growth, with 60% of new patients being placed on IZERVAY [70][71][72] Question: AVB-101 licensing and gene therapy strategy - The company is targeting monogenic diseases with high unmet medical needs, using AVB-101 as a potential platform for future gene therapy expansion [73][74][75] Question: IZERVAY's DTC campaign and market expansion - The DTC campaign aims to raise disease awareness and drive patient referrals, with the company also targeting generalist ophthalmologists to increase diagnosis and treatment rates [79][80][81] Question: Sustainable margin transformation initiatives - The company is enhancing in-house capabilities for clinical development, reducing outsourcing costs, and improving operational efficiency to achieve cost optimization targets [83][84][86] Question: Internal penetration of cost optimization initiatives - The company's cost optimization initiatives are being implemented enterprise-wide, with strong top-down and bottom-up support [89][90] Question: Enhancing in-house capabilities for clinical development - The company is reducing reliance on CROs and building internal capabilities to conduct global clinical studies more efficiently and cost-effectively [92][93]
Astellas: Can The Gastric Cancer Approval Be The Inflection Point?
Seeking Alpha· 2024-10-30 16:04
Astellas Pharma Inc. ( OTCPK:ALPMF ) is a Japanese pharmaceutical company focusing most of its efforts in the oncology space. They do not get much visibility despite their status among the mid-size pharma contenders in the oncology I have my PhD in biochemistry and have worked for years analyzing clinical trials and biotech companies. It is my passion to educate everyone possible on the science behind the businesses that we invest in, and it's my mission to help you do your due diligence and not get burned ...
Are Investors Undervaluing Astellas Pharma (ALPMY) Right Now?
ZACKS· 2024-10-02 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their curren ...
Astellas Receives Approval from the European Commission for VYLOY™ (zolbetuximab) in Combination with Chemotherapy for Advanced Gastric and Gastroesophageal Junction Cancer
Prnewswire· 2024-09-20 13:17
- Zolbetuximab is currently the first and only therapy approved in the European Union to target claudin 18.2, a biomarker positively expressed by 38% of patients with advanced gastric cancer1,2 - Treatment with the claudin 18.2-targeted monoclonal antibody shown to significantly extend both progressionfree survival and overall survival in Phase 3 trials1,2 TOKYO, Sept. 20, 2024 /PRNewswire/ -- Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, "Astellas") today announced that the European Co ...
Astellas Announces FDA Listing of DIGITIVA™ for the Management of Heart Failure
Prnewswire· 2024-09-18 23:30
Product Overview - DIGITIVA™ is a non-invasive digital health solution for heart failure management, classified as a Class I Software as a Medical Device (SaMD) and exempt from FDA's 510(k) premarket submission [1] - The solution integrates three components: CORE 500™ Digital Stethoscope, a smartphone app for heart failure patients, and educational content from the American Heart Association, supported by a clinical review team [2] - DIGITIVA aims to improve clinical outcomes by enabling at-home disease monitoring and facilitating timely physician intervention [2] Market and Industry Context - Heart failure affects over 64 million people globally, with 6.9 million cases in the U.S. (2020 estimate), projected to increase by 24% to nearly 8.5 million by 2030 due to population aging and growth [3] - The solution represents a significant milestone for Astellas as its first digital health offering in the U.S., developed within the Rx+ Business Accelerator to integrate innovative technology with patient support [3] Technology and Partnerships - DIGITIVA leverages Eko Health's CORE 500 Digital Stethoscope and AI technology, combined with Welldoc's AI-driven platform for real-time, personalized feedback and data-driven clinical insights [4][5] - The collaboration with Eko Health and Welldoc aims to bridge the gap between home and clinic care, enabling proactive management of heart failure [4][5] Company Background - Astellas Pharma operates in over 70 countries, focusing on creating new drugs for diseases with high unmet medical needs and developing Rx+ healthcare solutions by combining expertise with cutting-edge technology [8] - Eko Health, with over $165 million in funding, provides FDA-cleared digital stethoscopes and AI-powered analysis used by over 500,000 healthcare professionals worldwide [9] - Welldoc, a leader in digital health, offers AI-powered coaching for cardiometabolic conditions and has achieved 11 FDA 510(k) clearances and 45 patents for its advanced AI technology [10][11] Financial Impact - Astellas has already incorporated the financial impact of DIGITIVA's FDA listing into its fiscal year 2025 forecast [5]
Astellas Presents Scientific Progress in Advanced and Hard-to-Treat Cancers at ESMO 2024
Prnewswire· 2024-09-11 06:00
- Eight abstracts, including two oral presentations, feature new clinical data from Astellas' oncology portfolio and two lead pipeline programs across a broad range of cancer types - TOKYO, Sept. 11, 2024 /PRNewswire/ -- Astellas Pharma Inc. (TSE: 4503, President and CEO: Naoki Okamura, "Astellas") will highlight new data from across its approved and investigational cancer therapies during the 2024 European Society for Medical Oncology (ESMO) Congress being held in Barcelona, Spain on 13-17 September. Eight ...