Jefferies and analyst Jeffrey Holford recently released its monthly report on the global pharmaceuticals industry. The report includes Jefferies’ top stock picks in the space, as well as a summary of key topics that investors should be watching.
Standout Data
According to the report, the pharmaceutical industry has very few major upcoming catalysts through the end of July. However, there are one or two news items that could be market-movers, including potential headlines coming for Eli Lilly And Co LLY 1.29%, Sandoz and Merck & Co., Inc. MRK 0.24%.
“Aside from EXPEDITION-EXT for LLY, we see biosimilar data for Enbrel (Sandoz) and Lantus as well as potential European approval of ‘New Humira’ over the next couple of months as key discussion points for the market,” Holford explains.
In addition, Jefferies sees potential approval of Novartis AG (ADR) NVS 0.3%’s LCZ696 in coming months, but cautions that pricing could be critical when it comes to the approval’s potential positive impact on share price.
Boosting Eli Lilly
In the report, Jefferies raised…
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