Biopharma: A picture is worth a thousand words

研报英文原文证据摘录

Biopharma: A picture is worth a thousand words

Update

May 15, 2026 08:48 PM GMT

Morgan Stanley & Co. LLCMBiopharma | North America Terence C Flynn, Ph.D.

Equity Analyst

A picture is worth a thousand Terence.Flynn@morganstanley.comAlexander Yevdokimov, Ph.D. +1 212 761-2230

Research Associate

Alexander.Yevdokimov@morganstanley.com +1 212 761-2167

words Chris Yu, J.D., Ph.D.

Chris.L.Yu@morganstanley.com +1 212 761-2535

Comprehensive US drug market analysis (IQVIA Rx). The latest Hailey Horowitz

weekly Total Prescription YoY growth (wk ending 5/8) was +1.2% ResearchHailey.Horowitz@morganstanley.comAssociate +1 212 761-5264

vs. -0.2% last wk and +0.8% over the past 12 wks. Damien H Kerner

For week ended May 08, US total market weekly TRx YoY change was +1.2% vs. Damien.H.Kerner@morganstanley.com +1 212 761-3829

Connor M Massari

+2.6% year ago ( Exhibit10 ). Rolling 4-week TRx YoY was +1.5% and rolling 12- Equity Analyst

week TRx YoY was +0.8%. Extended unit (EUTRx) weekly YoY growth was +1.2%, in- Connor.Massari@morganstanley.com +1 212 761-2417

line with TRx YoY ( Exhibit 13 ). Sequential weekly TRx growth was +0.2% Morgan Stanley India Company Private Limited+

compared to -0.3% week before. Exhibit17 – Exhibit19 depict YoY momentum for Saket Agarwal

key products. Saket.Agarwal@morganstanley.com +91 22 6995-4012

BMY's Cobenfy was approved for schizophrenia on 9/26/24. Scripts are ~3,160 for Major Pharmaceuticals

the week vs ~3,010 last week. For full details on our views on the launch see our North America

Industry View In-Line

note "Contextualizing Cobenfy launch expectations", where we discuss that the

analogs we are most focused on are the schizophrenia volumes from the Rexulti,

Caplyta, and Lybalvi launches. We estimated that to achieve 2026 consensus