Swiss stocks - Factors to watch on June 17

Addex Therapeutics

17/06/2022 05:35

ZURICH/BERLIN, June 17 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
    
    CREDIT SUISSE  CSGN.S 
    Credit Suisse is set to pay almost 10% rate on its first
Additional Tier 1 issue since the bank was rocked by a series of
scandals  urn:newsml:reuters.com:*:nL4N2Y33J4 urn:newsml:reuters.com:*:nIfp5B2jwt
    
    GEBERIT  GEBN.S 
    The company launches a new buyback programme to repurchase
up to 650 million Swiss francs worth registered shares  GEBN.S 
    
    ADDEX THERAPEUTICS LTD  ADXN.S 
    The company terminates dipraglurant phase 2b/3 study in
patients with dyskinesia associated with Parkinson's disease due
to slow recruitment rate; suspends its financial guidance
 ADXN.S 
    
    NOVARTIS  NOVN.S 
    The drugmaker's generics arm Sandoz has its application for
proposed biosimilar adalimumab’s high concentration formulation
accepted by EMA. The drug is a biosimilar version of AbbVie
Biotechnology Ltd's Humira
    
    COVID-19 VACCINES
    The Swiss parliament failed to finance the government's plan
to buy COVID-19 vaccines in 2023, forcing the cabinet to try to
renegotiate contracts with Moderna  MRNA.O  and Pfizer/Biontech
 PFE.N ,  22UAy.DE  for millions of doses  urn:newsml:reuters.com:*:nL8N2Y35EM
    
    COMPANY STATEMENTS
    * Basilea Pharmaceutica AG  BSLN.S : Cresemba sales in Asia
Pacific region trigger sales milestone payment from Pfizer
 BSLN.S 
    
    ANALYST STATEMENTS
    NESTLE SA  NESN.S : JP MORGAN CUTS TARGET PRICE TO CHF 130
FROM CHF 135
        
    ECONOMY
    No economic data expected
    

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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