CUV 0.67% $14.72 clinuvel pharmaceuticals limited

Latest from Bell Potter.....Bell Potter thinks that this...

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    Latest from Bell Potter.....

    Bell Potter thinks that this biopharmaceutical company is an ASX share to buy right now.Last week, the broker retained its buy rating with a new price target of $22.25.

    This implies potential upside of 55% for investors from current levels. It said:Clinuvel maintains a lean, vertically integrated business model that we expect to generate EBIT margins of ~50% in FY24 and FY25.

    Scenesse remains the only approved drug for EPP patients globally, with the most advanced competitors still ~3-4 years away, if successful.
 
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