BB Biotech: High discount, but positive indicators - SEB
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BB Biotech: High discount, but positive indicators - SEB

BB Biotech’s shares closed at CHF 37.7 on 23 January 2025 versus a net asset value per share of CHF 45.4 (Bloomberg estimate), reflecting a 17.0% discount. The average NAV discount LTM has been 7.1% and the shares have traded on an average 9.7% premium over the last five years). The top holding company Intra Cellular Therapies was acquired by Johnson & Johnson at a 40% premium.

BB Biotech’s shares closed at CHF 37.7 on 23 January 2025 versus a net asset value per share of CHF 45.4 (Bloomberg estimate), reflecting a 17.0% discount. The average NAV discount LTM has been 7.1% and the shares have traded on an average 9.7% premium over the last five years). The top holding company Intra Cellular Therapies was acquired by Johnson & Johnson at a 40% premium.
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