Sanofi and GlaxoSmithKline granted Indian approval for COVID-19 vaccine trial

  • Indian regulators have cleared a late-stage clinical trial for the experimental COVID-19 vaccine developed by Sanofi (NASDAQ:SNY) and GlaxoSmithKline (NYSE:GSK).
  • In May, the two companies started the enrollment in a Phase 3 trial for the adjuvanted recombinant-protein vaccine candidate. The global trial is expected to enroll more than 35K volunteers aged 18 and older.
  • The Indian arm of the study likely to run for a year will enroll about 3K individuals aged 18 - 55 years, Reuters reported citing India's clinical trial registry. The enrollment has reportedly begun Thursday.
  • Annapurna Das Sanofi's India head said: "As the virus continues to evolve, we are anticipating what will be needed in the coming months and years, and accordingly, have adapted our vaccine development program."
  • The COVID-19 Delta variant first detected in the country is becoming globally dominant, the World Health Organization (WHO) warned last month.
  • Early this week, Sanofi said that the vaccine, which requires two initial doses and a subsequent booster shot, could be available by December.

    For this year the company from Parijs could earn a total revenue around 37.63 billion euros. This is according to the average of the analysts' estimates. This is slightly more than 2021's revenue of 37.37 billion euros.

    Historical revenues and results Sanofi-Aventis plus estimates 2021

    financiële analyse

    The analysts expect for 2021 a net profit of 7.8 billion euros. For this year the consensus of Sanofi-Aventis 's result per share is a profit of 6.26 euros. With this the price/earnings-ratio is 13.91.

    Huge dividend Sanofi-Aventis

    Per share the analysts anticipate on a dividend of 3.29 euros per share. The dividend yield is then 3.78 percent. The average dividend yield of the pharmaceutical companies equals a low 1.39 percent.

    Newest target prices around 100 euros

    The latest 3 recommendations for the pharmaceutical company were provided by Jefferies & Co., Goldman Sachs and Deutsche Bank .

    Sanofi-Aventis 's market value equals around 109.2 billion . -3

    Historical stock prices Sanofi-Aventis

    stock prices sanofi-aventis

    At 14.59 the stock trades 0.23 percent higher at 87.09 euros.

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