Formycon Stock Surges 8% on Patent Win, Upcoming Biosimilar Launch
Formycon's stock has surged by nearly eight percent to €24.75, making it the top winner in the SDAX index today. The biotechnology company's shares have reacted positively to recent news of resolved patent disputes and an upcoming biosimilar launch.
RBC has maintained its 'Outperform' rating and price target of €51 for Formycon's stock, reflecting the company's recent achievements. Formycon has successfully resolved patent disputes with Regeneron Pharmaceuticals over its Eylea biosimilar FYB203. This settlement paves the way for the launch of Ahzantive, Formycon's Eylea biosimilar, in the US as early as the fourth quarter of 2026.
Bayer's Eylea, a leading treatment for eye diseases, faces increasing competition from copycats like Formycon's Ahzantive. The upcoming launch of Ahzantive is expected to boost Formycon's revenue and solidify its position in the market.
Formycon, with the WKN-Code A1EWVY, continues to be a top performer in the SDAX index. The company's recent patent dispute resolution and the impending launch of its Eylea biosimilar in the US have contributed to its stock's significant rise. Investors and market observers alike await the US launch of Ahzantive with anticipation.
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