Our biggest healthcare company says it isn’t scared of Ozempic

CSL boss Paul McKenzie is confident that weight-loss drugs such as Ozempic are no threat to the company’s success as the biotech giant champions growth opportunities after a week of heightened investor scrutiny.

CSL chief executive Paul McKenzie is confident the company can deliver double-digit annual earnings growth over the medium term.Analysts immediately began running the ruler over the impact that drugs such as Ozempic could have on CSL Vifor, the Swiss pharma firm that cost CSL more than $16 billion and is focused on kidney disease treatments. “We think this could be a potential negative catalyst on CSL,” Morgan Stanley analysts said last week.

“There is not a big correlation between obesity reduction and the disease states that we work in,” McKenzie said.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CSL Ozempic impact: Biotech giant says business shielded from big hitsThe biotech giant also outlined an inverse Uber-style surge fee to reward people donating blood outside peak hours.
Source: FinancialReview - 🏆 2. / 90 Read more »

Our biggest healthcare company says it isn’t scared of OzempicCSL has outlined its growth strategy to investors and played down concerns about weight-loss drugs’ impact on some of its key products.
Source: theage - 🏆 8. / 77 Read more »