Nov 13 (Reuters) – Danish vaccine maker Bavarian Nordic reported better-than-expected third-quarter revenue on Friday, boosted by a continued strong performance in its travel health business.
CFO Henrik Juuel told Reuters Bavarian does not see any signs that the market for the rabies vaccine – one of its biggest revenue drivers – will decline anytime soon.
• Travel health revenue rose 22%, beating consensus by 13%, driven by the continued strong sales of its rabies vaccines RabAvert/Rabipur and supported by the continued launch of its chikungunya vaccine Vimkunya
• The US rabies vaccine market grew by 36% in the first nine months versus the prior year
• Juuel said the awareness around the disease was encouraging more people to seek vaccination
• Third-quarter revenue of 1.81 billion Danish crowns ($267.81 million) beat analysts’ average consensus estimate of 1.69 billion
• The company reiterated the full-year guidance it upgraded in October
($1 = 6.7585 Danish crowns)
(Reporting by Elviira Luoma, editing by Matt Scuffham and Anna Pruchnicka)
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