argenx SE ADR

ARGX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$934.00	Bjkg	Ttbpkmxzw

Argenx's Autoimmune Drug Vyvgart Is Poised to See Expanding Approvals and Could Support a Moat

Karen Andersen

Oct 31, 2023

Business Strategy and Outlook

Dutch biotech Argenx is hoping to build a portfolio of autoimmune treatments around Vyvgart, which received FDA approval in 2021 as a treatment for myasthenia gravis. We think the drug will see peak sales of more than $10 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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