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Morningstar

Apr 24, 2026

argenx SE: Argenx Earnings: Vyvgart Sales Drive Operating Profitability, Pipeline Candidates Make Progress

Symbols

ARGX

Sector(s)

Healthcare

Rating

Current Price

783.50

Fair Value

Economic Moat

Stewardship

Summary

Argenx is a Dutch biopharmaceutical company focused on developing antibody-based therapies for rare autoimmune diseases. The company’s lead product, Vyvgart (efgartigimod), was approved by the FDA in December 2021 for the treatment of generalized myasthenia gravis (gMG). In 2022, Argenx also received FDA approval for Vyvgart Hytrulo, a subcutaneous formulation of Vyvgart, offering a more convenient option compared with Vyvgart’s intravenous administration. In 2024, the FDA approved Vyvgart Hytrulo for Chronic Inflammatory Demyelinating Polyneuropathy, a rare immune-mediated neuromuscular dis

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