bullish
Green Cross (006280 KS): Strengthening Base Business; US Entry Remains Key Catalyst
129 Views19 Oct 2022 17:46
SUMMARY
- Green Cross (006280 KS) is seeing gradual recovery in its base business, with the company’s plasma and vaccine businesses are back to double-digit growth path.
- The company is preparing to resubmit marketing application to the FDA for its biologics license application for GC5107, a blood derivative product indicated for the treatment of primary immunodeficiency diseases.
- Green Cross shares are trading at a forward P/E of 20.9x, cheaper than peers. Entry into the lucrative U.S. immunoglobulin market will call for multiple expansion of the shares.
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Tina Banerjee
Global Healthcare Analyst
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