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Prices & Quotes - UK Markets - Hikma Pharmaceuticals (HIK)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 2,481.00p
Change Today:
-127.00p
Market Cap:
5,719m
Sector:
Pharmaceuticals & Biotechnology

FDA response delays Hikma's generic Advair Diskus

By Josh White

Date: Tuesday 22 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Hikma Pharmaceuticals lowered its guidance for 2020 on Tuesday, following a response letter from the US Food and Drug Administration (FDA) over the abbreviated new drug application for its generic version of GlaxoSmithKline's 'Advair Diskus', or fluticasone propionate and salmeterol inhalation powder, it announced on Tuesday.
The FTSE 100 company said it is working closely with the FDA to quickly address the small number of questions raised in the complete response letter.

Once answered, Hikma said it expected to receive a response from the FDA within 90 days.

"Hikma now expects to receive approval for its generic Advair Diskus in early 2021," the board said in its statement.

"As a result, generics revenue is now anticipated to be in the range of $710m (556.16m) to $730m, and core operating margin to be in the range of 18% to 19%, for the 2020 full year.

"Hikma and its partner Vectura Group are committed to bringing this important product to the US market and remain confident in the submission."

At 0827 BST, shares in Hikma Pharmaceuticals were down 4.36% at 2,473.36p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

HIK Market Data

Currency UK Pounds
Price 2,481.00p
Change Today -127.00p
52 Week High 2,695.00p
52 Week Low 1,701.50p
Volume 688,318
Shares Issued 230.50m
Market Cap 5,719m

Performance Indicators

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What The Brokers Say

Strong Buy 7
Buy 1
Neutral 3
Sell 2
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HIK Dividends

  Latest Previous
  Interim Final
Ex-Div 20-Aug-20 19-Mar-20
Paid 21-Sep-20 07-May-20
Amount 16.00¢ 30.00¢

Trades for 01-Dec-2020

Time Volume / Share Price
16:35 255,967 @ 2,481.00p
16:29 16 @ 2,486.00p
16:29 500 @ 2,490.96p
16:29 125 @ 2,485.00p
16:29 85 @ 2,485.00p

HIK Key Personnel

CEO Sigurdur Olafsson