Replay: Corporate Access: SAN C-Suite CFO call: Near-term momentum, but to address Dupi cliff, elevated and accelerated Business Development required

Research evidence excerpt

Replay: Corporate Access: SAN C-Suite CFO call: Near-term momentum, but to address Dupi cliff, elevated and accelerated Business Development required

Equity Research

18 June 2026

Replay: Corporate Access

SAN C-Suite CFO call: Near-term

momentum, but to address Dupi

cliff, elevated and accelerated European Pharmaceuticals,

Biotechnology & Life Sciences

James GordonBusiness Development required

+44 (0)20 7116 2784

james.gordon@barclays.comCFO Francois Roger noted in-house pipeline insufficient to

Barclays, UK

offset Dupixent LOE, hence accelerating/bigger BD/M&A

Yihan Li, PhD

needed, in addition to improved in-house R&D. New CEO +44 (0)20 3555 3563

Belen Garijo will provide update at Q2, further detail at Q3, yihan.li@barclays.com

tbd if event later in year. Sidhartha Modi

+91 (0)22 6175 1326

sidhartha.modi@barclays.com

Barclays, UK Please see below replay information for the event held on

Friday, 12 June 2026 at 2:00pm – 3:00pm London Charles Pitman-King, CFA

+44 (0)20 3134 6023

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