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Stock Watch: Hesitant Vaccine Sales For CSL Reflect Wider Issues

Lower Influenza Vaccine Trends Are Mimicked By Other Shots

 
• By Andy Smith

CSL’s US influenza vaccine sales were a window into wider issues for vaccine manufacturers that had already impacted the fourth-quarter results of Merck, Pfizer and GSK. There could also be a correlation between lower vaccine sales and the measles outbreak in Texas.

Stock Watch Image, Andy Smith
ANDY SMITH OFFERS A LIFE SCIENCE INVESTOR'S PERSPECTIVE ON BIOPHARMA BUSINESS

Near the end of fourth-quarter 2024 earnings season for life science companies, Australia’s CSL reported its half-year results. Its stock price initially increased by about 2% before falling back throughout the day to close down by 5%. By comparison, the NYSE Arca Pharmaceutical Index experienced a modest decrease earlier in New York, but closed slightly up on the US trading day following CSL’s results.

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