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Astellas Eyes Doubling Market Cap On Core, Focus Assets

Offsetting Xtandi Patent Cliff

 
• By Ian Haydock

Astellas lays out new mid-term strategic plan it sees as overcoming looming major expiries while positioning the firm for growth in new areas and a more than doubling in market cap.

midtermplan
Astellas Lays Out New Mid-Term Targets • Source: Alamy

Astellas Pharma, Inc. is looking to Xtandi and a group of other core products to generate a combined $11bn or so in sales over the next few years under a new mid-term strategic plan which envisages the Japanese firm’s market capitalization more than doubling to nearly $64bn over the next five years.

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