MorphoSys Now Expects 2023 Monjuvi US Net Product Sales To Be $85M-$95M (Prior: $80M-$95M, Gross Margin For Monjuvi US Net Product Sales To Be ~75% (Previously: 75%-80%)
Portfolio Pulse from Benzinga Newsdesk
MorphoSys has updated its 2023 Monjuvi US net product sales forecast to $85M-$95M, a slight increase from the previous estimate of $80M-$95M. The gross margin for Monjuvi US net product sales is expected to be around 75%, a slight decrease from the previous range of 75%-80%.
October 25, 2023 | 9:00 am
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MorphoSys has raised the lower end of its 2023 Monjuvi US net product sales forecast, which could indicate increased confidence in the product's performance. However, the company has also narrowed its gross margin expectation, which could suggest potential cost increases or pricing pressures.
The news directly pertains to MorphoSys and its product Monjuvi. The increase in the lower end of the sales forecast could be seen as a positive sign, indicating increased confidence in the product's market performance. However, the narrowing of the gross margin expectation could suggest potential cost increases or pricing pressures, which could negatively impact profitability. Therefore, the overall short-term impact on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100