Firm financial footing and Phase III study successes set up UCB to thrive despite patent expiries
A feature on the recent fortunes of and prospects for Belgian drugmaker UCB (Euronext: UCB).
UCB announced an impressive set of annual financial results for 2021 last month, revealing that revenue had risen by 8% to 5.78 billion euros ($6.44 billion), net sales of 5.47 billion euros and net profit of 1.06 billion euros, up from 761 million euros the year prior.
The company’s core growth drivers – in particular Cimzia (certolizumab pegol) and Vimpat (lacosamide) – were key to a set of results that were significantly higher than analyst expectations.
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