** "2025 will be a year of product launches," RBC says in a
note on next year's outlook for European specialty pharma and
biotech companies, as it doesn't expect any major clinical trial
data
** Among significant launches in dermatology, RBC names
Almirall's ALM.MC and Galderma's GALD.S eczema drugs
** In the rare disease space, Ipsen IPN.PA will launch its
rare liver disease drug Iqirvo, with RBC anticipating sales
around EUR 50 million ($52.62 million) in 2025
** The broker expects Sobi SOBIV.ST to replicate Sanofi's
success in Europe with its Altuvoct, which RBC estimates will
bring SEK 1,656 million in sales for 2025
** Formycon FYB.DE and Sanddoz SDZ.S are set to
introduce biosimilar versions of Stelara, a biologic drug, in
the US
** The broker's top picks for 2025 are Genmab GMAB.CO ,
Almirall and Ipsen
** It upgrades Hikma HIK.L to "outperform" from "sector
perform," citing attractive compounding opportunity
(Reporting by Agnieszka Olenska)