This morning’s update highlights an in-line performance of key revenue drivers, but an expected £5m negative top line impact from currency. In addition, Vectura has taken the decision to partner its proprietary VR475 (EU) and VR647 (US) programmes, in line with our expectations. FY2018 R&D guidance has been lowered, with our £65m forecast remaining within the range. Finally, Mundipharma has terminated development of the VR2076 pMDI triple therapy, which we did not includ

04 Jan 2018
Trading and strategy update

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Trading and strategy update
- Published:
04 Jan 2018 -
Author:
Singer CM Team -
Pages:
4 -
This morning’s update highlights an in-line performance of key revenue drivers, but an expected £5m negative top line impact from currency. In addition, Vectura has taken the decision to partner its proprietary VR475 (EU) and VR647 (US) programmes, in line with our expectations. FY2018 R&D guidance has been lowered, with our £65m forecast remaining within the range. Finally, Mundipharma has terminated development of the VR2076 pMDI triple therapy, which we did not includ