[Click eStock] "SK Biopharm, Epilepsy Drug 'Xcopri' US Sales Increase"
KB Securities has newly set the target price for SK Biopharm at 140,000 won, which is 40% higher than the current stock price. This reflects the continuous growth in U.S. sales of the epilepsy treatment drug, Xcopri.
Hye-min Kim, a researcher at KB Securities, stated, "U.S. sales of Xcopri are continuously trending upward, and future expansion of sales is expected through the introduction of follow-up new drugs."
According to KB Securities, the number of prescriptions for direct sales of Xcopri in the U.S. reached approximately 31,000 in September. This is about 2.2 times the 53-month average of competing new drugs. Xcopri's sales this year are expected to reach the upper end of the previous forecast of $300 million to $320 million.
Researcher Kim evaluated, "Xcopri is expected to show annual sales performance at a level that can cover fixed costs of about 400 billion won as a single product," adding, "This means it has entered a full-fledged growth trajectory."
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He also noted, "SK Biopharm has proactively invested in radioactive pharmaceuticals and protein degraders in line with global trends, significantly enhancing its research and development (R&D) capabilities," and predicted, "If new drug results emerge in the future, the corporate value will increase further."
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