BUZZ-Galderma stock climbs on strong Q1 Injectable Aesthetics performance

Reuters
04-24
BUZZ-Galderma stock climbs on strong Q1 Injectable Aesthetics performance

** Shares in Galderma GALD.S rise 5.7% after the company posted Q1 results that beat expectations, driven by higher sales, especially in its Injectable Aesthetics division

** Sales in Injectable Aesthetics were up 9.9% y/y, which analysts at Jefferies and J.P. Morgan point to as 6% above consensus, driven primarily by Neuromodulators sales

** U.S. sales did not reach consensus expectations but this was offset by "pleasing double-digits" growth in international sales, Vontobel says

** The U.S. sales launch of atopic dermatitis and prurigo nodularis medication Nemluvio was stronger than expected, analysts say, with Jefferies seeing the trajectory as "promising when compared to Sanofi SASY.PA/Regeneron's REGN.O Dupixent and Eli Lilly's LLY.N Ebglyss"

** Up to the previous session's close, shares were down 19.9%​ YTD

(Reporting by Bernadette Hogg)

((bernadette.hogg@thomsonreuters.com))

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