Biotech company CSL (ASX:CSL) hosted a Research and Development (R&D) Day for fiscal 2025, which Jarden Research found "uninspiring," with mixed outcomes across various products, the investment advisory firm said in an Oct. 22 note.
While none of the developments were particularly significant, Jarden said the mix of outcomes for the R&D Day was "uncharacteristic" for the company, with newer, more positive projects focusing on label extensions on approved drugs and early-stage novel projects.
Horizon 2 is the most exciting project in the company's R&D pipeline, but the pathway to US Food and Drug Administration approval remains unclear, Jarden said.
The investment firm kept its AU$329.62 price target and overweight rating on CSL.
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