アルコン：製薬企業分析レポート

Abstract

Alcon develops, manufactures and markets pharmaceuticals, surgical equipment and devices, and consumer products to treat diseases and disorders of the eye. This new strategic analysis report provides a complete and critical review of the company and includes unique and independent assessments and forecasts of key products.

Alcon is a research and development-driven global company which develops, manufactures and markets pharmaceuticals, surgical equipment and devices, and consumer products to treat diseases and disorders of the eye. A subsidiary of Nestlé, Alcon is a Swiss corporation with operations in over 75 countries. Its products are sold in more than 180 countries.

Alcon' s corporate strategy is to attempt to offer the broadest and most advanced product line in the industry, developing market share of core brands and seeking global registrations of products to fully utilise its network of 75 international subsidiaries. In 2006, Alcon obtained more than 500 new product approvals worldwide, including more than 70 in the key markets of the US, Canada, the EU, Japan and Australia.

Since Alcon' s initial public offering in 2002, its sales and income have shown steady growth as it continues to maintain a leadership position in the eye care industry. The company is continuing its investment in: research and development programmes to advance its pipeline of potential new products; manufacturing; and marketing support.

Sales growth was seen in all pharmaceutical categories in 2006, and in the short term this looks set to continue. However, as patent expiries begin to affect the sales of a number of Alcon' s major products, the company will face an increasingly challenging environment as it seeks to advance development products to market. In addition, Alcon faces significant competition in ophthalmic pharmaceuticals, including competition from other companies with an ophthalmic focus and from larger pharmaceutical companies. The successful approval of Alcon' s major late-stage development product, Retaane, will be crucial, along with the population of the pipeline with further new projects.

This new strategic analysis report Alcon: Performance, Products, Pipeline and Potential, provides a complete and critical review of the company and includes unique and independent assessments and forecasts of key products. The report is updated on a quarterly basis. Buyers of the web edition receive quarterly reports for a year. Buyers of the print/pdf editions receive the latest version. All formats are the same price.

Table of Contents

• Latest Results

EXECUTIVE SUMMARY

• Introduction
• Current Financial Position
  • Company Performance
  • Segment Performance
• Company Strategy
  • Key Agreements
• Product Performance Forecasts
• Pipeline Analysis
• Other Factors Affecting the Bottom Line
• Conclusions/Outlook

THERAPEUTIC AREA FOC US

R&D PIPELINE

OPHTHALMOLOGY

• Marketed Products
  • Glaucoma
    • Azopt
    • DuoTrav
    • Travatan
  • Anti-infective/Anti-inflammatory
    • Nevanac
    • Rimexel
    • TobraDex
    • Vigamox/Vegamox
  • Ocular Allergy
    • Patanol/Opatanol
  • Other
    • Retaane
• R&D Projects
• Growth Forecast

OTIC

• Marketed Products
  • Ciprodex
• R&D Projects
• Growth Forecast

APPENDIX 1 - FINANC IAL PERFORMANC E

• Full Year Results 2006

APPENDIX 2 - KEY CO RPORATE EVENTS

APPENDIX 3 - KEY AGREEMENTS

• Amgen
• Dharmacon Inc
• Eli Lilly
• Jerini AG
• Juvantia Pharma Ltd
• Kalypsys Inc
• Kyowa Hakko
• NovaCal Pharmaceuticals Inc
• Vernalis plc

APPENDIX 4 - INFRASTRUCTURE

• Research and Development Facilities
• Manufacturing Facilities

APPENDIX 5 - KEY PHARMAC EUTICAL

• SUBSIDIARIES
• Subsidiaries

APPENDIX 6 - PRODUCT INDEX

Index of Tables

• Principal Operating Results
• Sales By Business/Geographic Segment
• Operating Income By Segment
• Sales By Product Area
• Recent Product Approvals
• Major Therapeutic Areas And Sales
• Major Glaucoma Products, 2006
• Major Anti-infective/ Anti-inflammatory Products, 2006
• Major Ocular Allergy Products, 2006

Index of Charts

• Sales By Segment, 2006
• Sales By Product Area, 2006
• Glaucoma Sales (2004A-2011E)
• Anti-infect/Anti-inflammatory Sales (2004A-2011E)
• Ocular Allergy Sales (2004A-2011E)
• Otic Sales (2004A-2011E)
• Sales, Costs and Operating Income
• Profitability and Research Ratios
• R&D Expenditure and Capital Expenditure
• Current Assets, Liabilities and Ratio
• Assets, Cash and Liquidity
• Employees and Productivity