{"id":1452,"date":"2022-05-06T21:51:36","date_gmt":"2022-05-06T12:51:36","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1452"},"modified":"2022-05-06T21:51:36","modified_gmt":"2022-05-06T12:51:36","slug":"%e3%80%90%e7%bf%bb%e8%a8%b3%e3%80%91%e3%83%ad%e3%82%a4%e3%83%a4%e3%83%ab%e3%83%86%e3%82%a3%e3%83%bb%e3%83%95%e3%82%a1%e3%83%bc%e3%83%9e-nsdqrprx2022%e5%b9%b4%e7%ac%ac1%e5%9b%9b%e5%8d%8a%e6%9c%9f","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1452","title":{"rendered":"\u3010\u7ffb\u8a33\u3011\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de (NSDQ:RPRX)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"<p>\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de (NSDQ:RPRX)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n<p>EPS\u306b\u76f8\u5f53\u3059\u308bACF\u3092\u30df\u30b9\u3057\u3066\u3044\u307e\u3059\u304c\u3053\u308c\u307e\u30a2\u30d5\u30a3\u30ab\u30e0\u30c6\u30f3\u6295\u8cc7\u306b\u95a2\u9023\u3059\u308b\u958b\u767a\u6bb5\u968e\u3067\u306e\u652f\u6255\u30441\u5104\u30c9\u30eb\u3092\u975eGAAP\u30d9\u30fc\u30b9\u306e\u696d\u7e3e\u306b\u542b\u307e\u308c\u305f\u70ba\u3067\u3059\u3002\u4ee5\u524d\u306f\u696d\u754c\u306e\u6163\u884c\u306b\u5f93\u3044\u3001\u3053\u308c\u3089\u306e\u652f\u6255\u3044\u306f\u975e GAAP \u578b\u6c7a\u7b97\u304b\u3089\u9664\u5916\u3055\u308c\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u958b\u767a\u6bb5\u968e\u3067\u306e\u7d99\u7d9a\u7684\u306a\u8cc7\u91d1\u8abf\u9054\u306e\u305f\u3081\u306e\u6700\u5c0f\u9650\u306e\u652f\u6255\u3044\u3084\u305d\u306e\u4ed6\u306e\u9805\u76ee\u3092\u5dee\u3057\u5f15\u3044\u305f\u8abf\u6574\u5f8c\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u30013\u51046700\u4e07\u30c9\u30eb\uff081\u682a\u5f53\u305f\u308a0.60\u30c9\u30eb\uff09\u3067\u4e88\u60f3\u306e1\u682a\u5f53\u305f\u308a0.73\u30c9\u30eb\u304b\u3089\u30b7\u30e7\u30fc\u30c8\u3057\u307e\u3057\u305f\u304c\u30a2\u30d5\u30a3\u30ab\u30e0\u30c6\u30f3\u306e\u652f\u6255\u3044\u306b\u3088\u308b\u5f71\u97ff\u306f\u30011\u682a\u5f53\u305f\u308a0.16\u30c9\u30eb\u306b\u76f8\u5f53\u3059\u308b\u305f\u3081\u3053\u308c\u3092\u8003\u3048\u308b\u3068\u30af\u30ea\u30a2\u3057\u3066\u3044\u308b\u306e\u3067\u554f\u984c\u306f\u7121\u3044\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n<p>\u5730\u5473\u306a\u4f01\u696d\u3067\u3059\u304c\u7740\u5b9f\u306b\u6210\u9577\u3057\u3066\u304a\u308a\u975e\u5e38\u306b\u512a\u308c\u305f\u53ce\u76ca\u30e2\u30c7\u30eb\u306e\u4f01\u696d\u3068\u601d\u308f\u308c\u308b\u306e\u3067\u4eca\u5f8c\u3082\u6ce8\u76ee\u3067\u3059\u3002\u305f\u3060\u65e5\u672c\u4eba\u306b\u306f\u6ce8\u76ee\u3055\u308c\u3066\u307e\u3059\u304c\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u3042\u307e\u308a\u6ce8\u76ee\u3055\u308c\u3066\u3044\u306a\u3044\u306e\u3067\u4e0a\u5834\u4ee5\u6765\u682a\u4fa1\u306f\u3044\u307e\u3044\u3061\u3067\u3059\u3002<\/p>\n<div id=\"attachment_1453\" style=\"width: 1488px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1453\" class=\"wp-image-1453 size-full\" src=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/RPRX_2022-05-06_21-49-20.png\" alt=\"\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de (NSDQ:RPRX)\u682a\u4fa1\" width=\"1478\" height=\"816\" srcset=\"https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/RPRX_2022-05-06_21-49-20.png 1478w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/RPRX_2022-05-06_21-49-20-300x166.png 300w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/RPRX_2022-05-06_21-49-20-1024x565.png 1024w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/RPRX_2022-05-06_21-49-20-768x424.png 768w, https:\/\/1up-life.blog\/wp-content\/uploads\/2022\/05\/RPRX_2022-05-06_21-49-20-940x519.png 940w\" sizes=\"auto, (max-width: 1478px) 100vw, 1478px\" \/><p id=\"caption-attachment-1453\" class=\"wp-caption-text\">\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de (NSDQ:RPRX)\u682a\u4fa1<\/p><\/div>\n<p>\u524d\u56de\u306e<a href=\"https:\/\/1up-life.blog\/?p=1140\">2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306f\u3053\u3061\u3089<\/a>\u3067\u3059\u3002<\/p>\n<p class=\"hh hh3 main-bdr\"><span class=\"big\"><strong>\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de (NSDQ:RPRX)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n<p>Call participants:<br \/>\nGeorge Grofik &#8212; Senior Vice President, Head of Investor Relations, and Communications<br \/>\nTerry Coyne &#8212; Executive Vice President, Chief Financial Officer<br \/>\nChris Schott &#8212; J.P. Morgan &#8212; Analyst<br \/>\nChris Hite &#8212; Vice Chairman<br \/>\nMarshall Urist &#8212; Executive Vice President, Co-Head of Research, and Investments<br \/>\nTerence Flynn &#8212; Morgan Stanley &#8212; Analyst<br \/>\nChris Shibutani &#8212; Goldman Sachs &#8212; Analyst<br \/>\nGeoff Meacham &#8212; Bank of America Merrill Lynch &#8212; Analyst<br \/>\nUmer Raffat &#8212; Evercore ISI &#8212; Analyst<br \/>\nAndrew Baum &#8212; Citi &#8212; Analyst<br \/>\nGreg Fraser &#8212; Truist Securities &#8212; Analyst<br \/>\nSteve Scala &#8212; Cowen and Company &#8212; Analyst<br \/>\nMore RPRX analysis<\/p>\n<p>2022\u5e745\u670805\u65e5\u5348\u524d8\u664200\u5206\uff08\u7c73\u56fd\u6771\u90e8\u6642\u9593\uff09<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u7686\u69d8\u3001\u304a\u5f85\u305f\u305b\u3044\u305f\u3057\u307e\u3057\u305f\u3002\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u30d5\u30a1\u30fc\u30de\u306e\u7b2c 1 \u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306b\u3088\u3046\u3053\u305d\u3002\u305d\u308c\u3067\u306f\u3001\u4e0a\u5e2d\u526f\u793e\u9577\u3067IR\u30fb\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u62c5\u5f53\u306e\u30b8\u30e7\u30fc\u30b8\u30fb\u30b0\u30ed\u30d5\u30a3\u30c3\u30af\u306b\u96fb\u8a71\u3092\u304a\u7e4b\u304e\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b8\u30e7\u30fc\u30b8\u30fb\u30b0\u30ed\u30d5\u30a3\u30c3\u30af &#8212; \u4e0a\u5e2d\u526f\u793e\u9577\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u5e83\u5831\u30fbIR\u8cac\u4efb\u8005<\/p>\n<p>\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u305d\u3057\u3066\u901a\u8a71\u4e2d\u306e\u7686\u3055\u3093\u3082\u3053\u3093\u306b\u3061\u306f\u3002\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de\u306e2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u306e\u30ec\u30d3\u30e5\u30fc\u306b\u3054\u53c2\u52a0\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u5f53\u793e\u306e\u696d\u7e3e\u304c\u8a18\u8f09\u3055\u308c\u305f\u30d7\u30ec\u30b9\u30ea\u30ea\u30fc\u30b9\u3068\u3001\u3053\u306e\u30b3\u30fc\u30eb\u306e\u30b9\u30e9\u30a4\u30c9\u306f\u3001\u5f53\u793e\u30a6\u30a7\u30d6\u30b5\u30a4\u30c8\u306e\u6295\u8cc7\u5bb6\u5411\u3051\u30da\u30fc\u30b8 royaltypharma.com \u3067\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002\u30b9\u30e9\u30a4\u30c9 3 \u306b\u79fb\u308a\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u96fb\u8a71\u4f1a\u8b70\u306b\u304a\u3051\u308b\u60c5\u5831\u306b\u306f\u3001\u65e2\u77e5\u304a\u3088\u3073\u672a\u77e5\u306e\u30ea\u30b9\u30af\u3001\u4e0d\u78ba\u5b9f\u6027\u304a\u3088\u3073\u305d\u306e\u4ed6\u306e\u8981\u56e0\u3092\u542b\u3080\u5c06\u6765\u898b\u901a\u3057\u306b\u95a2\u3059\u308b\u8a18\u8ff0 \u304c\u542b\u307e\u308c\u3066\u304a\u308a\u3001\u5b9f\u969b\u306e\u7d50\u679c\u306f\u3053\u308c\u3089\u306e\u8a18\u8ff0\u3068\u306f\u5927\u304d\u304f\u7570\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3053\u3068\u3092\u3054\u627f\u77e5\u304a\u304d\u304f\u3060\u3055\u3044\u3002\u3053\u308c\u3089\u306e\u30ea\u30b9\u30af\u306b\u3064\u3044\u3066\u306f\u3001SEC\u306b\u63d0\u51fa\u3057\u305f\u5f53\u793e\u306e10-K\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3059\u3079\u3066\u306e\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u306f\u3001\u73fe\u5728\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de\u304c\u5165\u624b\u53ef\u80fd\u306a\u60c5\u5831\u306b\u57fa\u3065\u304f\u3082\u306e\u3067\u3042\u308a\u3001\u5f53\u793e\u306f\u305d\u306e\u3088\u3046\u306a\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u3092\u66f4\u65b0\u3059\u308b\u7fa9\u52d9\u3092\u8ca0\u3046\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u975eGAAP\u8ca1\u52d9\u6307\u6a19\u306f\u3001\u5f53\u793e\u306e\u8ca1\u52d9\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u7406\u89e3\u3059\u308b\u305f\u3081\u306b\u4f7f\u7528\u3055\u308c\u3001\u975eGAAP &#8212; 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&#8212; \u30b7\u30cb\u30a2\u30fb\u30f4\u30a1\u30a4\u30b9\u30fb\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u3001\u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u304a\u3088\u3073\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u90e8\u9580\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u308c\u3067\u306f\u3001\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u307e\u3059\u3002\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u3001\u6700\u521d\u306e\u8cea\u554f\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\uff1f<\/p>\n<p class=\"hh hh6 main-c main-bdr\"><span class=\"big\"><strong>\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6700\u521d\u306e\u8cea\u554f\u306fJP\u30e2\u30eb\u30ac\u30f3\u306eChris Schott\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n<p>Chris Schott &#8212; J.P.\u30e2\u30eb\u30ac\u30f3 &#8212; 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&#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u3001\u30ea\u30b5\u30fc\u30c1\u304a\u3088\u3073\u6295\u8cc7\u90e8\u9580\u5171\u540c\u8cac\u4efb\u8005<\/p>\n<p>\u30af\u30ea\u30b9\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3054\u8cea\u554f\u306e2\u3064\u76ee\u3067\u3059\u304c\u3001\u6cbb\u7642\u5206\u91ce\u3001\u30b9\u30c6\u30fc\u30b8\u3001\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u62c5\u5f53\u8005\u3001\u5730\u57df\u3092\u554f\u308f\u305a\u3001\u5f53\u793e\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u30c8\u30c3\u30d7\u30fb\u30aa\u30d6\u30fb\u30b6\u30fb\u30d5\u30a1\u30cd\u30eb\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3068\u3001\u975e\u5e38\u306b\u6df1\u304f\u3066\u5e45\u5e83\u3044\u6a5f\u4f1a\u304c\u3042\u308b\u3053\u3068\u304c\u308f\u304b\u308a\u307e\u3059\u3002\u3042\u3089\u3086\u308b\u30a2\u30af\u30bb\u30b9\u306b\u304a\u3044\u3066\u3001\u3054\u8cea\u554f\u306e\u91cd\u8981\u306a\u90e8\u5206\u3067\u3042\u308b\u300c\u8cea\u306e\u9ad8\u3044\u6a5f\u4f1a\u300d\u3092\u5b9f\u306b\u3055\u307e\u3056\u307e\u306b\u898b\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3068\u306f\u3044\u3048\u3001\u30c6\u30ea\u30fc\u304c\u6e96\u5099\u767a\u8a00\u3067\u8ff0\u3079\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306e\u54c1\u8cea\u57fa\u6e96\u306f\u9ad8\u3044\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002\u307e\u305a\u3001\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u5927\u304d\u306a\u90e8\u5206\u3092\u5360\u3081\u308b\u91cd\u8981\u306a\u88fd\u54c1\u3092\u63a2\u3057\u3066\u304a\u308a\u3001\u305d\u3053\u304b\u3089\u30b9\u30bf\u30fc\u30c8\u3057\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u9577\u5e74\u306b\u308f\u305f\u3063\u3066\u79c1\u305f\u3061\u304c\u898b\u3066\u304d\u305f\u3088\u3046\u306a\u898f\u5f8b\u306f\u3001\u73fe\u5728\u306e\u74b0\u5883\u3067\u3082\u975e\u5e38\u306b\u3088\u304f\u9069\u7528\u3055\u308c\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>Chris Schott &#8212; J.P.\u30e2\u30eb\u30ac\u30f3 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u30af\u30ea\u30b9\u3078\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u7c21\u5358\u306b\u3002\u4f01\u696d\u3068\u306e\u8a71\u3057\u5408\u3044\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u5927\u624b\u88fd\u85ac\u4f1a\u793e\u3084\u5927\u624b\u30d0\u30a4\u30aa\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u4f1a\u793e\u304b\u3089\u3001\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u5bfe\u3059\u308b\u671f\u5f85\u306e\u4e00\u90e8\u304c\u5fc5\u305a\u3057\u3082\u30ea\u30bb\u30c3\u30c8\u3055\u308c\u3066\u3044\u306a\u3044\u3053\u3068\u3092\u8981\u6c42\u3057\u3066\u3044\u308b\u306e\u3092\u805e\u3044\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u4f01\u696d\u304c\u8cc7\u91d1\u8abf\u9054\u306e\u9078\u629e\u80a2\u3092\u518d\u8003\u3059\u308b\u307e\u3067\u306b\u3001\u3042\u30683\u30ab\u6708\u304b6\u30ab\u6708\u306f\u5fc5\u8981\u3060\u3068\u601d\u308f\u308c\u307e\u3059\u304c\u3001\u540c\u3058\u3088\u3046\u306a\u52d5\u304d\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u308c\u3068\u3082\u3001\u305d\u306e\u3088\u3046\u306a\u8003\u3048\u65b9\u304c\u5909\u308f\u308a\u59cb\u3081\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n<p>\u30af\u30ea\u30b9\u30fb\u30cf\u30a4\u30c8 &#8212; \u526f\u4f1a\u9577<\/p>\n<p>\u3044\u3044\u8cea\u554f\u3067\u3059\u306d\u3002\u79c1\u304c\u9280\u884c\u54e1\u3068\u3057\u3066M&amp;A\u306b\u643a\u308f\u3063\u3066\u3044\u305f\u3053\u308d\u306f\u3001M&amp;A\u306b\u306f\u9577\u3044\u6642\u9593\u304c\u304b\u304b\u308b\u3082\u306e\u3067\u3057\u305f\u3002\u79c1\u306e\u7d4c\u9a13\u3067\u306f\u3001\u682a\u4fa1\u304c\u4e0b\u304c\u3063\u305f\u3089\u30ea\u30bb\u30c3\u30c8\u3092\u3057\u3088\u3046\u3068\u8003\u3048\u3066\u3044\u307e\u3057\u305f\u3002\u7387\u76f4\u306b\u8a00\u3063\u3066\u3001\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u306e\u74b0\u5883\u306f\u307e\u3063\u305f\u304f\u7570\u306a\u3063\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u3069\u3061\u3089\u304b\u3068\u3044\u3046\u3068\u3001\u8cc7\u91d1\u8abf\u9054\u306e\u74b0\u5883\u3067\u3059\u3002\u3053\u3053\u6570\u5e74\u3001\u79c1\u305f\u3061\u306f\u5927\u898f\u6a21\u306a\u88fd\u85ac\u4f1a\u793e\u306e\u8cb7\u53ce\u3084\u7814\u7a76\u958b\u767a\u306e\u652f\u63f4\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u6a5f\u4f1a\u306b\u76ee\u3092\u5411\u3051\u3066\u304d\u307e\u3057\u305f\u3002\u4e2d\u5805\u306e\u30d0\u30a4\u30aa\u30d5\u30a1\u30fc\u30de\u3067\u306f\u3001\u4f01\u696d\u306e\u7814\u7a76\u958b\u767a\u3084\u4e0a\u5e02\u3092\u652f\u63f4\u3057\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u53d6\u7de0\u5f79\u4f1a\u3084CEO\u3001CFO\u304c\u671f\u5f85\u3059\u308b\u3053\u3068\u306f\u3001\u4f1a\u793e\u3092\u58f2\u5374\u3059\u308b\u306e\u3068\u306f\u5c11\u3057\u9055\u3046\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Chris Schott &#8212; J.P. Morgan &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30c6\u30ec\u30f3\u30b9\u30fb\u30d5\u30ea\u30f3\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30c6\u30ec\u30f3\u30b9\u30fb\u30d5\u30ea\u30f3 &#8212; \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u8cea\u554f\u3092\u304a\u53d7\u3051\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u79c1\u304b\u3089\u306f2\u3064\u307b\u3069\u3002\u30af\u30ed\u30fc\u30f3\u75c5\u3067Tremfya\u306e\u81e8\u5e8a\u8a66\u9a13\u304c\u63a7\u3048\u3066\u3044\u308b\u306e\u306f\u660e\u3089\u304b\u3067\u3059\u3002\u3082\u3057MorphoSys\u306e\u8cb7\u53ce\u306e\u4e00\u90e8\u3068\u3057\u3066\u3001\u3053\u306e\u8a66\u9a13\u304c\u60f3\u5b9a\u306b\u7d44\u307f\u8fbc\u307e\u308c\u3066\u3044\u305f\u3068\u3057\u305f\u3089\u3001\u305d\u306e\u3053\u3068\u306b\u3064\u3044\u3066\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u304b\u3089\u3001IPO\u306e\u7814\u7a76\u958b\u767a\u306b\u3064\u3044\u3066\u3067\u3059\u304c\u3001\u30c6\u30ea\u30fc\u3055\u3093\u3001\u3053\u308c\u304c\u901a\u5e74\u3067\u3069\u306e\u7a0b\u5ea6\u306b\u306a\u308b\u306e\u304b\u3001\u611f\u899a\u7684\u306b\u3067\u3082\u4e88\u60f3\u3067\u304d\u307e\u3059\u304b\uff1f\u307e\u305f\u3001\u3053\u306e\u30b9\u30e9\u30a4\u30c9\u3067\u306f\u3001\u6848\u4ef6\u3054\u3068\u306b\u7570\u306a\u308b\u30c0\u30a4\u30ca\u30df\u30af\u30b9\u3092\u8aac\u660e\u3057\u3066\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u308c\u304c\u901a\u5e74\u3067\u3069\u306e\u7a0b\u5ea6\u306b\u306a\u308b\u306e\u304b\u3001\u304a\u5206\u304b\u308a\u306b\u306a\u308a\u307e\u3059\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30de\u30fc\u30b7\u30e3\u30eb\u30fb\u30a6\u30ea\u30b9\u30c8 &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u3001\u30ea\u30b5\u30fc\u30c1\u304a\u3088\u3073\u6295\u8cc7\u90e8\u9580\u5171\u540c\u8cac\u4efb\u8005<\/p>\n<p>\u306f\u3044\u3001\u30c6\u30ec\u30f3\u30b9\u3067\u3059\u3002\u30de\u30fc\u30b7\u30e3\u30eb\u3067\u3059\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305aTremfya\u306b\u3064\u3044\u3066\u304a\u8a71\u3057\u307e\u3059\u3002\u79c1\u305f\u3061\u304cTremfya\u306b\u6ce8\u76ee\u3057\u305f\u3068\u304d\u3001IBD\u306e\u6a5f\u4f1a\u306f\u79c1\u305f\u3061\u306e\u8ad6\u6587\u306e\u91cd\u8981\u306a\u90e8\u5206\u3067\u3057\u305f\u3002\u305d\u308c\u306f\u3001\u3053\u306e\u30af\u30e9\u30b9\u304b\u3089\u898b\u305f\u30c7\u30fc\u30bf\u306e\u8cea\u3068\u3044\u3046\u70b9\u3067\u3082\u3001\u307e\u305fJ&amp;J\u306e\u30de\u30fc\u30b1\u30bf\u30fc\u3068\u3057\u3066\u306e\u5f37\u3055\u3001\u3053\u306e\u5e02\u5834\u306b\u304a\u3044\u3066\u975e\u5e38\u306b\u5927\u304d\u306a\u5b58\u5728\u611f\u3092\u793a\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u70b9\u3067\u3082\u540c\u3058\u3067\u3059\u3002\u7279\u306b\u4e7e\u766c\u3067\u898b\u3089\u308c\u305f\u3088\u3046\u306b\u3001\u6700\u7d42\u7684\u306bTruvada\u306e\u30d0\u30a4\u30aa\u30b7\u30df\u30e9\u30fc\u304c\u5e02\u5834\u306b\u51fa\u56de\u308b\u3068\u3044\u3046\u72b6\u6cc1\u3092\u60f3\u5b9a\u3057\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u3053\u306e\u30af\u30e9\u30b9\u306e\u4ed6\u306e\u9069\u5fdc\u75c7\u3067\u898b\u3089\u308c\u305f\u3088\u3046\u306a\u3001\u53cd\u5fdc\u306e\u6df1\u3055\u3084\u901f\u3055\u3068\u3044\u3063\u305f\u70b9\u3067\u5dee\u5225\u5316\u306e\u53ef\u80fd\u6027\u3092\u63a2\u308b\u4f01\u696d\u3092\u898b\u305f\u3044\u306e\u3067\u3059\u3002<\/p>\n<p>\u305d\u308c\u3067\u306f\u3001IBD\u306b\u304a\u3051\u308bTremfya\u306e\u6a5f\u4f1a\u306b\u671f\u5f85\u3057\u3066\u3001\u7814\u7a76\u958b\u767a\u306b\u95a2\u3059\u308b\u8cea\u554f\u3092Terry\u306b\u623b\u3057\u307e\u3059\u3002<\/p>\n<p>Terry Coyne &#8212; 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Meacham &#8212; Bank of America Merrill Lynch &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>OK\u3001\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001Evercore\u306e\u30a6\u30de\u30fc\u30fb\u30e9\u30d5\u30a1\u30c8\u304b\u3089\u3067\u3059\u3002\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>Umer Raffat &#8212; Evercore ISI &#8212; 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Day\u3067\u8aac\u660e\u3057\u307e\u3059\u3002\u305f\u3060\u3001\u79c1\u305f\u3061\u304c\u4f01\u696d\u3068\u5354\u50cd\u3067\u304d\u308b\u3042\u3089\u3086\u308b\u65b9\u6cd5\u3092\u7406\u89e3\u3057\u3066\u3082\u3089\u3046\u3068\u3044\u3046\u610f\u5473\u3067\u3001\u3067\u3059\u3002\u7814\u7a76\u958b\u767a\u3078\u306e\u8cc7\u91d1\u63d0\u4f9b\u3001\u4f01\u696d\u306e\u5546\u696d\u7684\u7acb\u3061\u4e0a\u3052\u306e\u652f\u63f4\u3001\u30b9\u30d4\u30f3\u30aa\u30d5\u306e\u691c\u8a0e\u652f\u63f4\u3001\u6295\u8cc7\u3092\u5e0c\u671b\u3059\u308b\u4f01\u696d\u3068\u306e\u5171\u540c\u6295\u8cc7\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u3067\u3059\u3002<\/p>\n<p>\u79c1\u305f\u3061\u306f\u3001\u3042\u3089\u3086\u308b\u7a2e\u985e\u306e\u6a5f\u4f1a\u3092\u63a2\u3063\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u5927\u624b\u88fd\u85ac\u4f1a\u793e\u304c\u81ea\u793e\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u5408\u7406\u5316\u3084\u6295\u8cc7\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u3044\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u79c1\u305f\u3061\u306f\u559c\u3093\u3067\u305d\u308c\u3092\u691c\u8a0e\u3057\u307e\u3059\u3057\u3001\u305d\u306e\u3088\u3046\u306a\u8a71\u3092\u3059\u308b\u3053\u3068\u3082\u3042\u308b\u3067\u3057\u3087\u3046\u306d\u30022\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u3001M&amp;A\u3084FTC\u306e\u52d5\u5411\u306f\u5e38\u306b\u4e88\u6e2c\u3057\u3065\u3089\u304f\u3001\u5909\u5316\u3057\u7d9a\u3051\u307e\u3059\u3002\u79c1\u305f\u3061\u304c\u904e\u53bb\u306b\u660e\u3089\u304b\u306b\u898b\u3066\u304d\u305f\u3053\u3068\u306e1\u3064\u306f\u3001\u3082\u3046\u4e00\u5ea6\u8a00\u3044\u307e\u3059\u304c\u3001\u5927\u624b\u88fd\u85ac\u4f1a\u793e\u306f\u3001\u79c1\u305f\u3061\u304c\u3069\u306e\u7a0b\u5ea6\u307e\u3067 &#8212; \u5b9f\u306b2\u3064\u306e\u65b9\u6cd5\u3067 &#8212; \u63f4\u52a9\u3067\u304d\u308b\u3053\u3068\u3092\u77e5\u3063\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3001\u30a2\u30f3\u30c9\u30ea\u30e5\u30fc\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u5927\u624b\u88fd\u85ac\u4f1a\u793e\u304c\u30bf\u30fc\u30b2\u30c3\u30c8\u3092\u898b\u3066\u3044\u3066\u3001\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u3084\u63d0\u643a\u5229\u76ca\u306a\u3069\u306e\u5f62\u3067\u975e\u6226\u7565\u7684\u306a\u91d1\u878d\u8cc7\u7523\u304c\u3042\u308b\u5834\u5408\u3001\u305d\u308c\u306f\u88fd\u85ac\u4f1a\u793e\u306b\u3068\u3063\u3066\u5fc5\u305a\u3057\u3082\u8208\u5473\u6df1\u3044\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5f7c\u3089\u306f\u4ed6\u306e\u7406\u7531\u3067\u30bf\u30fc\u30b2\u30c3\u30c8\u3092\u898b\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u904e\u53bb\u306b\u305d\u306e\u3088\u3046\u306a\u8a71\u3092\u3057\u305f\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3057\u3001\u5c06\u6765\u3082\u3057\u305f\u3044\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002FTC\u304c\u5f37\u5236\u7684\u306b\u58f2\u5374\u3057\u305f\u3082\u306e\u3092\u8cb7\u3063\u3066\u81ea\u793e\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u69cb\u7bc9\u3057\u3088\u3046\u3068\u3059\u308b\u4e2d\u5c0f\u4f01\u696d\u306b\u5bfe\u3057\u3066\u3001\u8cc7\u672c\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3082\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u4eca\u5f8c\u306e\u60c5\u52e2\u304c\u3069\u3046\u5909\u5316\u3059\u308b\u304b\u306f\u8ab0\u306b\u3082\u308f\u304b\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u3001\u3054\u8cea\u554f\u306e\u4e21\u5074\u9762\u3067\u5f79\u5272\u3092\u679c\u305f\u3059\u3053\u3068\u304c\u3067\u304d\u308b\u3053\u3068\u3092\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u6b21\u306e\u8cea\u554f\u306f\u3001Truist Securities\u306eGreg Fraser\u304b\u3089\u3067\u3059\u3002\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30b0\u30ec\u30c3\u30b0\u30fb\u30d5\u30ec\u30fc\u30b6\u30fc &#8212; \u30c8\u30a5\u30eb\u30fc\u30a4\u30b9\u30c8\u8a3c\u5238 &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u8cea\u554f\u3092\u304a\u53d7\u3051\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u6295\u8cc7\u5bb6\u5411\u3051\u8aac\u660e\u4f1a\u3067\u53d6\u308a\u4e0a\u3052\u3089\u308c\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u306d\u3002\u3053\u306e\u5148\u3001\u4f1a\u793e\u3092\u3069\u306e\u3088\u3046\u306b\u9032\u5316\u3055\u305b\u308b\u3064\u3082\u308a\u306a\u306e\u304b\u3001\u3053\u308c\u307e\u3067\u306e\u3084\u308a\u65b9\u3068\u306f\u9055\u3046\u306e\u304b\u3001\u6c17\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u4eca\u5f8c2\u30013\u5e74\u306e\u9593\u306b\u3001\u6210\u9577\u3068\u898f\u6a21\u4ee5\u5916\u306b\u3069\u306e\u3088\u3046\u306a\u3053\u3068\u304c\u8d77\u304d\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u304b\uff1f\u307e\u305f\u3001\u6cbb\u7642\u5206\u91ce\u306e\u8cea\u554f\u306b\u7d9a\u3044\u3066\u3001\u30d0\u30a4\u30aa\u30b7\u30df\u30e9\u30fc\u306b\u3064\u3044\u3066\u306e\u898b\u89e3\u3068\u3001\u30d0\u30a4\u30aa\u30b7\u30df\u30e9\u30fc\u306e\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u53d6\u5f15\u306b\u3088\u308b\u30ea\u30bf\u30fc\u30f3\u306e\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u30c6\u30ea\u30fc\u30fb\u30b3\u30a4\u30f3 &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u3001\u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>\u305d\u3046\u305d\u3046\u3001\u6295\u8cc7\u5bb6\u306e\u65e5\u306e\u96f7\u3092\u843d\u3068\u3057\u305f\u304f\u306f\u306a\u3044\u3093\u3067\u3059\u3002\u305d\u3053\u3067\u8b70\u8ad6\u3059\u308b\u3053\u3068\u304c\u305f\u304f\u3055\u3093\u3042\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u30015\u670817\u65e5\u306b\u958b\u50ac\u3055\u308c\u308b\u6295\u8cc7\u5bb6\u8aac\u660e\u4f1a\u3067\u306f\u3001\u79c1\u305f\u3061\u306e\u524d\u306b\u5e83\u304c\u3063\u3066\u3044\u308b\u30d3\u30b8\u30cd\u30b9\u30c1\u30e3\u30f3\u30b9\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u3001\u9577\u671f\u7684\u306a\u76ee\u6a19\u306b\u3064\u3044\u3066\u8a71\u3057\u5408\u3046\u3053\u3068\u3092\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002\u30d0\u30a4\u30aa\u30b7\u30df\u30e9\u30fc\u306b\u3064\u3044\u3066\u306f\u3001\u30de\u30fc\u30b7\u30e3\u30eb\u306b\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30de\u30fc\u30b7\u30e3\u30eb\u30fb\u30a6\u30ea\u30b9\u30c8 &#8212; 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&#8212; \u30b3\u30fc\u30a6\u30a7\u30f3\u30fb\u30a2\u30f3\u30c9\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u30022\u3064\u8cea\u554f\u3092\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u30021\u3064\u76ee\u306f\u3001\u30a2\u30d5\u30a3\u30ab\u30e0\u30c6\u30f3\u3092\u4f8b\u306b\u3068\u3063\u3066\u3001\u79c1\u304c\u7406\u89e3\u3067\u304d\u308b\u3088\u3046\u306b\u3067\u3059\u3002\u4eca\u5f8c\u3001\u30a2\u30d5\u30a3\u30ab\u30e0\u30c6\u30f3\u306e\u3088\u3046\u306a\u4e00\u6642\u7684\u306a\u8cbb\u7528\u304c\u767a\u751f\u3059\u308b\u53ef\u80fd\u6027\u306f\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u4eca\u671f\u304c\u3059\u3079\u3066\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u5c06\u6765\u306e\u6848\u4ef6\u3092\u4e88\u6e2c\u3059\u308b\u306e\u306f\u56f0\u96e3\u3060\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u306f\u660e\u3089\u304b\u306b\u65e2\u5b58\u306e\u6848\u4ef6\u3067\u3059\u3088\u306d\uff1f\u6b21\u306b\u3001\u30ac\u30f3\u30c6\u30ca\u30fc\u30de\u30d6\u306e\u5951\u7d04\u306b\u304a\u3044\u3066\u3001\u627f\u8a8d\u3055\u308c\u3066\u3082\u4fdd\u967a\u511f\u9084\u304c\u53d7\u3051\u3089\u308c\u306a\u3044\u5834\u5408\u3001\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de\u306b\u4f55\u3089\u304b\u306e\u88dc\u511f\u3092\u3059\u308b\u898f\u5b9a\u306f\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30c6\u30ea\u30fc\u30fb\u30b3\u30a4\u30f3 &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u3001\u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>\u30a2\u30d5\u30a3\u30ab\u30e0\u30c6\u30f3\u306b\u95a2\u3057\u3066\u306f\u3001\u305d\u3046\u3067\u3059\u306d\u30015000\u4e07\u30c9\u30eb\u306e\u8ffd\u52a0\u652f\u6255\u3044\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u4eca\u5e74\u306f\u305d\u308c\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u305b\u3093\u304c\u3001\u3053\u308c\u4ee5\u4e0a\u5177\u4f53\u7684\u306a\u3053\u3068\u306f\u8a00\u3063\u3066\u3044\u307e\u305b\u3093\u3002\u3053\u308c\u3082\u975eGAAP\u30d9\u30fc\u30b9\u306e\u640d\u76ca\u8a08\u7b97\u66f8\u4e0a\u3067\u306f\u4e00\u56de\u9650\u308a\u306e\u8cbb\u7528\u3068\u306a\u308a\u307e\u3059\u3002\u5148\u307b\u3069\u7533\u3057\u4e0a\u3052\u305f\u3088\u3046\u306b\u3001\u6848\u4ef6\u306e\u6d41\u308c\u3084\u6295\u8cc7\u6848\u4ef6\u306e\u7a2e\u985e\u3092\u4e88\u6e2c\u3059\u308b\u306e\u306f\u975e\u5e38\u306b\u96e3\u3057\u3044\u306e\u3067\u3059\u304c\u3001\u79c1\u305f\u3061\u306f\u3088\u308a\u591a\u304f\u306e\u6848\u4ef6\u3092\u3053\u306a\u3059\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e00\u6b69\u4e0b\u304c\u3063\u3066\u3001\u8abf\u6574\u5f8c\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3084\u975eGAAP\u6307\u6a19\u306b\u3064\u3044\u3066\u5e38\u306b\u8003\u3048\u3066\u304d\u305f\u306e\u3067\u3059\u304c\u3001\u3053\u308c\u306f\u4e8b\u696d\u304c\u7d99\u7d9a\u7684\u306b\u751f\u307f\u51fa\u3059\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u53cd\u6620\u3057\u305f\u3082\u306e\u3067\u3042\u308a\u3001\u65b0\u305f\u306a\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u306b\u518d\u6295\u8cc7\u3059\u308b\u3053\u3068\u304c\u53ef\u80fd\u3067\u3059\u3002\u3053\u308c\u304c\u79c1\u305f\u3061\u306e\u6700\u5927\u306e\u95a2\u5fc3\u4e8b\u3067\u3059\u3002\u307e\u305f\u3001\u914d\u5f53\u3068\u3044\u3046\u5f62\u3067\u682a\u4e3b\u306b\u3082\u5c11\u3057\u9084\u5143\u3057\u3066\u3044\u307e\u3059\u3002\u4ee5\u524d\u306f\u3001\u3053\u306e\u3088\u3046\u306a\u4e00\u6642\u7684\u306a\u652f\u6255\u3044\u306f\u542b\u307e\u308c\u3066\u3044\u307e\u305b\u3093\u3067\u3057\u305f\u304c\u3001\u696d\u754c\u306e\u6163\u884c\u306b\u5f93\u3063\u3066\u3001\u975eGAAP\u30d9\u30fc\u30b9\u306e\u8ca1\u52d9\u60c5\u5831\u3092\u66f4\u65b0\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u3001\u4ed6\u306e\u696d\u754c\u304c\u884c\u3063\u3066\u3044\u308b\u5909\u66f4\u306b\u5408\u308f\u305b\u3066\u3001\u975eGAAP\u30d9\u30fc\u30b9\u306e\u8ca1\u52d9\u60c5\u5831\u306e\u8868\u793a\u65b9\u6cd5\u3092\u66f4\u65b0\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u6bce\u56db\u534a\u671f\u3001\u305d\u3057\u3066\u3053\u306e\u53d6\u5f15\u3092\u767a\u8868\u3057\u305f\u3068\u304d\u306b\u3001\u3053\u306e\u5909\u66f4\u304c\u3069\u3053\u306b\u73fe\u308c\u308b\u304b\u306b\u3064\u3044\u3066\u900f\u660e\u6027\u3092\u78ba\u4fdd\u3059\u308b\u3088\u3046\u306b\u52aa\u3081\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u4e8b\u696d\u306e\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u3084\u4eca\u5f8c\u306e\u8cc7\u672c\u914d\u5206\u306e\u8003\u3048\u65b9\u306b\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>Marshall Urist &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u3001\u30ea\u30b5\u30fc\u30c1\u90e8\u9580\u5171\u540c\u8cac\u4efb\u8005\u3001\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u90e8\u9580\u5171\u540c\u8cac\u4efb\u8005<\/p>\n<p>\u305d\u3057\u3066Steve\u3001\u3054\u8cea\u554f\u306e2\u3064\u76ee\u3001gantenerumab\u306b\u3064\u3044\u3066\u3067\u3059\u3002\u511f\u9084\u306b\u95a2\u3057\u3066\u4f55\u304b\u7279\u5225\u306a\u898f\u5b9a\u304c\u3042\u308b\u306e\u304b\u3069\u3046\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u304c\u3001\u7b54\u3048\u306f\u30ce\u30fc\u3067\u3059\u3002\u305d\u306e\u7b54\u3048\u306f\u300c\u30ce\u30fc\u300d\u3067\u3059\u3002\u3053\u308c\u306f&#8230;&#8230;\u305d\u3046\u3044\u3046\u610f\u5473\u3067\u306f\u3001\u3054\u304f\u4e00\u822c\u7684\u306a\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u3067\u3059\u3002<\/p>\n<p>\u3067\u3059\u304b\u3089\u3001\u7d50\u679c\u7684\u306b\u69cb\u9020\u7684\u306b\u7279\u5225\u306a\u3053\u3068\u306f\u4f55\u3082\u3042\u308a\u307e\u305b\u3093\u3002\u305f\u3060\u3001\u5148\u307b\u3069\u96fb\u8a71\u4f1a\u8b70\u3067\u7533\u3057\u4e0a\u3052\u305f\u3001\u3053\u308c\u3089\u306e\u8a66\u9a13\u306e\u7d50\u679c\u3092\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u7acb\u3061\u623b\u308b\u6a5f\u4f1a\u3092\u4e0e\u3048\u3066\u304f\u308c\u305f\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u60a3\u8005\u3055\u3093\u306b\u3068\u3063\u3066\u4e00\u8cab\u3057\u305f\u81e8\u5e8a\u7684\u306b\u91cd\u8981\u306a\u5229\u76ca\u304c\u793a\u3055\u308c\u308c\u3070\u3001\u511f\u9084\u306e\u5bfe\u8c61\u3068\u306a\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>Steve Scala &#8212; \u30b3\u30fc\u30a6\u30a7\u30f3\u30a2\u30f3\u30c9\u30ab\u30f3\u30d1\u30cb\u30fc &#8212; \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n<p>\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n<p>\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n<p>\u3053\u308c\u3067\u8cea\u7591\u5fdc\u7b54\u306f\u7d42\u308f\u308a\u3067\u3059\u3002\u6700\u5f8c\u306bTerry Coyne\u304b\u3089\u3054\u6328\u62f6\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30c6\u30ea\u30fc\u30fb\u30b3\u30a4\u30f3 &#8212; \u30a8\u30b0\u30bc\u30af\u30c6\u30a3\u30d6\u30fb\u30d0\u30a4\u30b9\u30d7\u30ec\u30b8\u30c7\u30f3\u30c8\u3001\u30c1\u30fc\u30d5\u30fb\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n<p>\u7d20\u6674\u3089\u3057\u3044\u3002\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u7686\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u307e\u305f\u3001\u3053\u306e\u901a\u8a71\u306b\u53c2\u52a0\u3055\u308c\u305f\u7686\u3055\u3093\u3001\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de\u306b\u5f15\u304d\u7d9a\u304d\u95a2\u5fc3\u3092\u304a\u6301\u3061\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u30025\u670817\u65e5\u306b\u304a\u4f1a\u3044\u3067\u304d\u308b\u306e\u3092\u697d\u3057\u307f\u306b\u3057\u3066\u3044\u307e\u3059\u3002\u3054\u8cea\u554f\u7b49\u3054\u3056\u3044\u307e\u3057\u305f\u3089\u3001\u304a\u6c17\u8efd\u306b\u30b8\u30e7\u30fc\u30b8\u307e\u3067\u3054\u9023\u7d61\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u304c\u3042\u308c\u3070\u3054\u9023\u7d61\u3044\u305f\u3060\u3051\u308c\u3070\u691c\u8a0e\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n<p>\uff0a\u8aa4\u8a33\u306a\u3069\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3067\u306e\u53c2\u8003\u7a0b\u5ea6\u306b\u3057\u3066\u3044\u305f\u3060\u304d\u6295\u8cc7\u306f\u81ea\u5df1\u5224\u65ad\u3067\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/stockinfo\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u682a\u5f0f\u6295\u8cc7\u60c5\u5831\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/stockinfo\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/tenbagger\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u30c6\u30f3\u30d0\u30ac\u30fc\u3078\" width=\"88\" height=\"31\" border=\"0\"><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/tenbagger\/ranking\/in?p_cid=11122923\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u30fb\u30d5\u30a1\u30fc\u30de (NSDQ:RPRX)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 EPS\u306b\u76f8\u5f53\u3059\u308bACF\u3092\u30df\u30b9\u3057\u3066\u3044\u307e\u3059\u304c\u3053\u308c\u307e\u30a2\u30d5\u30a3\u30ab\u30e0\u30c6\u30f3\u6295\u8cc7\u306b\u95a2\u9023\u3059\u308b\u958b\u767a\u6bb5\u968e\u3067\u306e\u652f\u6255\u30441\u5104\u30c9\u30eb\u3092\u975eGAAP\u30d9\u30fc\u30b9\u306e\u696d\u7e3e\u306b &#8230; 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