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SHARE IN FOCUS: Morphosys rally, according to CFO Lee

FRANKFURT (dpa-AFX) – MorphoSys shares reacted to statements by CFO Sung Lee with strong price gains on Wednesday. The stocks of the biotech company rose in the morning by 6.38 percent to 35.50 euros and were therefore the front-runner in the SDAX. However, the stock has been on a downward trend for many months. For the past year there is a minus of around two thirds.

“In 2025 we can have two drugs in hematological oncology on the market,” Lee told the Börsen-Zeitung. A year later, the company wants to be profitable and generate positive cash flow. “There is still a long way to go until 2026, but the optimistic tone could have a positive effect on the mood,” commented a trader in the morning./edh/jha/

Reference-www.finanzen.at

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