CSL boss Paul McKenzie finds himself in a position his predecessors haven’t faced for years: defending the blue chip’s growth prospects, including from the threat of new obesity drugs.
Paul McKenzie finds himself in a position that CSL chief executives haven’t found themselves in for many years: defending the market darling’s growth prospects., McKenzie has seen CSL’s share price fall about 22 per cent, as investors weigh up a range of issues.At the top of the list is the ongoing pressure on profit margins in CSL Behring business, which collects and processes plasma to make a range of treatments for immunodeficiency and autoimmune disease, and.
Secondly, margins in the Behring business will turn around over the next few years as promised, through new donor payment structures, new collection technology and better yield .Third, Vifor can ward off the threat of competition to Ferinject. That’s in part because CSL is well-prepared for the loss of exclusivity, although generic competition looks limited at this stage, which the company hopes will limit price and profit erosion.
weighed heavily on the stocks of a range of dialysis providers, including CSL. Dialysis treatment accounts for about 39 per cent of Vifor’s revenue, or about 15 per cent of CSL of total group revenue.
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