Global biotechnology leader CSL Limited Haemophilia market continues to be competitiv

Haemophilia market continues to be competitive: Global biotechnology leader, CSL Limited (ASX: CSL) reported a sales growth of 18% year on year (yoy) at US$3.6 billion, while net profit after tax (NPAT) grew by 36% to US$806 million for half year 2016/2017. The company continued its strategic expansion of plasma collection facilities surpassing 160 centers in the US and Europe. During H1FY17, liquid intravenous immunoglobulin Privigen grew by 34% yoy, while specialty products posted 25% yoy growth. However, sales got a boost from some atypical market activity, including competitor supply constraints. The one-off market conditions arising from competitor supply constraints in the first half are expected to normalize in the second half with competitors back on track. Further, the haemophilia market continues to become more competitive as new products enter the market, but CSL seems to be well positioned with the recent launches of its differentiated innovative products Idelvion (rFIX) and Afstyla (rFVIII). Although, the turnaround of Seqirus continues to be on track and expected to report a loss in the current fiscal year while breakeven is expected in FY18.   

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