Financial PerformanceQ1 shows a potential slow start, with significant decline in earnings before interest, taxes, depreciation, and amortization (EBITDA) due to challenges in Crop Science and increased expenses.
Litigation RisksInvestor appetite for highly levered stocks is low and 3.7x net debt/EBITDA must be seen in conjunction with litigation risks from glyphosate and PCB.
Market CompetitionPharma's outlook remains cautious with expected flat organic growth and a forecasted significant drop in Xarelto revenues due to competition from generic products.