argenx SE ADR

ARGX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$981.00	Dlg	Drgpcjjp

Argenx Is Building a Moat as Vyvgart's Efficacy Extends Across Autoimmune Diseases

Karen Andersen

Jul 17, 2023

Business Strategy and Outlook

Dutch biotech Argenx aims to build a portfolio of autoimmune treatments around Vyvgart, which received Food and Drug Administration approval in 2021 as a treatment for myasthenia gravis. We think the drug will see peak sales of more than $15 billion if approvals can extend into new autoimmune indications in neurology, hematology, dermatology, and nephrology over the next several years, although competitors in testing and uncertainty around future clinical trial results for Vyvgart prevent us from assigning the firm an economic moat.

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