---
canonical_url: https://www.stockexpertai.com/ko/stock/asnd
last_updated: 2026-07-20T00:00:00Z
doc_version: "1.0"
language: ko
title: Ascendis Pharma A/S (ASND) — AI Stock Analysis
description: "Ascendis Pharma A/S(ASND) 주식 분석 — AI 기반 투자 인사이트, 재무 지표 및 성장 전망."
author: "Sedat ANAK, 창립자 겸 편집장"
publisher: Stock Expert AI
ticker: ASND
exchange: NASDAQ
---

# Ascendis Pharma A/S (ASND) — AI Stock Analysis

> **출처:** Stock Expert AI ([https://www.stockexpertai.com/ko/stock/asnd](https://www.stockexpertai.com/ko/stock/asnd))  
> **마크다운 피드:** https://www.stockexpertai.com/ko/stock/asnd.md  
> **최종 업데이트:** 2026-07-20T00:00:00Z  
> **면책 조항:** 이것은 재무 조언이 아닙니다. 교육 목적으로만 사용됩니다.

Ascendis Pharma A/S(ASND) 주식 분석 — AI 기반 투자 인사이트, 재무 지표 및 성장 전망.

## 빠른 답변

Ascendis Pharma A/S(ASND)는 헬스케어 섹터에서 사업을 운영하며, 최근 주가는 $251.76, 시가총액은 $15.64B입니다. 이 주식은 Stock Expert AI의 정량 평가 모델에서 51/100, 중간 등급입니다.

Ascendis Pharma A/S is a biopharmaceutical company specializing in TransCon technology to create sustained-release therapies, primarily focused on endocrinology and 종양학. Their lead product, SKYTROFA, addresses growth hormone deficiency, positioning them as a key player in innovative drug delivery within the competitive biotechnology sector.

## 스냅샷

- **Price:** $251.76 (-9.24 / -3.54%)
- **Market Cap:** $15.64B
- **Sector:** 헬스케어
- **Industry:** 바이오테크놀로지
- **MoonshotScore:** 51/100 (Grade B)
- **P/E Ratio:** 22.47
- **Analyst Target Price:** $292.36
- **Volume:** 503.2K
- **ADR Home Country:** Hellerup, DK

## 정보 Ascendis Pharma A/S

Ascendis Pharma A/S, founded in 2006 and headquartered in Hellerup, 덴마크, is a biopharmaceutical company dedicated to developing and commercializing innovative therapies that address unmet medical needs. The company's core technology, TransCon, enables the creation of sustained-release drugs by temporarily linking an inactive drug to a carrier molecule. This approach aims to improve efficacy, safety, and patient convenience. Ascendis Pharma's lead product, SKYTROFA (lonapegsomatropin-tcgd), is approved for the treatment of pediatric growth hormone deficiency (GHD). SKYTROFA offers a once-weekly dosing regimen, providing a significant advantage over daily injections required by traditional growth hormone therapies. Beyond SKYTROFA, Ascendis Pharma is developing a pipeline of TransCon-based therapies targeting various diseases, including hypoparathyroidism and achondroplasia. The company's geographic focus is global, with commercial operations in 북미, 유럽, and 일본. Ascendis Pharma competes with established pharmaceutical companies in the endocrinology and 종양학 spaces, differentiating itself through its innovative TransCon technology and focus on sustained-release therapies.

## 주요 사실

- **CEO:** Jan Moller Mikkelsen
- **Headquarters:** Hellerup, DK
- **Employees:** 1017
- **IPO:** 2015

## 사업 내용

- Develops therapeutics for unmet medical needs.
- Offers SKYTROFA for treating patients with growth hormone deficiency (GHD).
- Develops TransCon Growth Hormone (hGH) for pediatric GHD in 일본.
- Develops TransCon hGH for adults with GHD.
- Develops TransCon parathyroid hormone for adult hypoparathyroidism.
- Develops TransCon CNP for pediatric achondroplasia.
- Develops TransCon toll like receptors 7/8 agonist for intratumoral delivery.
- Develops TransCon IL-2 ß/g for systemic delivery.

## 비즈니스 모델

- Develops proprietary drugs using TransCon technology.
- Out-licenses or co-develops certain products.
- Generates revenue through sales of SKYTROFA and potential future products.
- Focuses on endocrinology and 종양학 therapeutic areas.

## 투자 논거

Ascendis Pharma presents a 매력적인 investment opportunity based on its innovative TransCon technology and the commercial success of SKYTROFA. The company's revenue is expected to grow significantly as SKYTROFA gains further 시장 침투 and expands into new geographies. The ongoing development of TransCon PTH for hypoparathyroidism and TransCon CNP for achondroplasia represents substantial growth 촉매제. However, the company's negative 순이익률 of -31.7% and high 주가수익비율(P/E) of -53.27 indicate potential risks related to profitability and valuation. Investors should closely monitor the 임상시험 results of pipeline candidates and the 경쟁 환경 to assess the 장기 성장 potential of Ascendis Pharma. The company's 베타 of 0.48 suggests lower 변동성 compared to the overall market.

## 성장 기회

- Expansion of SKYTROFA into new geographies: Ascendis Pharma has the opportunity to expand the commercialization of SKYTROFA into additional markets beyond 북미, 유럽, and 일본. This geographic expansion could significantly increase revenue and 시장 점유율. The global market for growth hormone deficiency therapies is estimated to be worth several billion dollars, providing ample opportunity for growth. Timeline: Ongoing, with potential for expansion into new markets within the next 2-3 years.
- Development and commercialization of TransCon PTH for hypoparathyroidism: TransCon PTH is a promising therapy for hypoparathyroidism, a rare endocrine disorder. The market for hypoparathyroidism therapies is estimated to be worth hundreds of millions of dollars annually. Successful development and commercialization of TransCon PTH could generate significant revenue for Ascendis Pharma. Timeline: Ongoing 임상시험, with potential for 규제 승인 and commercial launch within the next 3-5 years.
- Advancement of TransCon CNP for achondroplasia: TransCon CNP is being developed for the treatment of achondroplasia, a genetic disorder that causes dwarfism. The market for achondroplasia therapies is estimated to be worth hundreds of millions of dollars annually. Positive 임상시험 results and 규제 승인 could lead to substantial 매출 성장 for Ascendis Pharma. Timeline: Ongoing 임상시험, with potential for 규제 승인 and commercial launch within the next 3-5 years.
- Pipeline expansion into 종양학: Ascendis Pharma is developing TransCon toll like receptors 7/8 agonist and TransCon IL-2 ß/g for intratumoral and systemic delivery, respectively. These programs represent a significant opportunity to diversify the company's pipeline and enter the rapidly growing 종양학 market. The global 종양학 market is worth hundreds of billions of dollars annually. Timeline: 초기 단계 development, with potential for 임상시험 within the next 1-2 years.
- Strategic partnerships and collaborations: Ascendis Pharma can pursue strategic partnerships and collaborations with other pharmaceutical companies to accelerate the development and commercialization of its pipeline products. These partnerships could provide access to additional resources, expertise, and markets. Timeline: Ongoing, with potential for new partnerships to be announced at any time.

## 주요 하이라이트

- 시가총액 of $13.87 billion, reflecting investor confidence in the company's growth prospects.
- 매출총이익률 of 86.3%, indicating strong 가격 결정력 and efficient manufacturing processes.
- SKYTROFA approved for pediatric growth hormone deficiency (GHD), providing a significant 수익원.
- TransCon technology platform enabling the development of sustained-release therapies.
- Negative 주가수익비율(P/E) of -53.27 due to current losses, requiring careful monitoring of future profitability.

## 경쟁 우위

- Proprietary TransCon technology platform.
- Strong 지식재산권 protection.
- First-mover advantage in sustained-release growth hormone therapy.
- Established commercial 인프라 for SKYTROFA.

## 경쟁사

- **[BridgeBio Pharma, Inc.](https://www.stockexpertai.com/ko/stock/bbio):** Focuses on genetic diseases.
- **[BioMarin Pharmaceutical Inc.](https://www.stockexpertai.com/ko/stock/bmrn):** Specializes in enzyme replacement therapies.
- **[Exelixis, Inc.](https://www.stockexpertai.com/ko/stock/exel):** Develops 종양학 therapies.
- **[Guardant Health, Inc.](https://www.stockexpertai.com/ko/stock/gh):** Provides cancer genomic testing.
- **[Ionis Pharmaceuticals, Inc.](https://www.stockexpertai.com/ko/stock/ions):** Focuses on RNA-targeted therapeutics.

## SWOT 분석

### 강점

- Innovative TransCon technology platform.
- Approved product (SKYTROFA) with strong clinical data.
- Experienced 경영진.
- Strong 지식재산권 portfolio.

### 약점

- Reliance on a single approved product (SKYTROFA).
- Negative profitability.
- High 연구개발(R&D) expenses.
- Competition from established pharmaceutical companies.

### 기회

- Expansion of SKYTROFA into new geographies.
- Development and commercialization of pipeline products (TransCon PTH, TransCon CNP).
- Strategic partnerships and collaborations.
- Expansion into new therapeutic areas (종양학).

### 위협

- 임상시험 failures.
- Regulatory setbacks.
- Competition from biosimilars.
- Product liability claims.

## 촉매제(강세 시나리오)

- Upcoming: Potential FDA 승인 of TransCon PTH for hypoparathyroidism (expected in 2026).
- Upcoming: 임상시험 results for TransCon CNP in achondroplasia (expected in late 2026).
- Ongoing: Continued commercial expansion of SKYTROFA in existing markets.
- Ongoing: Initiation of 임상시험 for TransCon 종양학 programs.
- Ongoing: Announcement of new strategic partnerships or collaborations.

## 리스크(약세 시나리오)

- Potential: 임상시험 failures for pipeline products.
- Potential: Regulatory setbacks or delays.
- Ongoing: Competition from established pharmaceutical companies and biosimilars.
- Potential: Product liability claims.
- Ongoing: 환율 리스크 due to fluctuations in the exchange rate between the U.S. dollar and the Danish Krone.

## 최근 분기 실적

| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| 2026-03-31 | $251M | $640M | $9.91 |
| 2025-12-31 | $245M | -$33M | -$0.54 |
| 2025-09-30 | $214M | -$61M | -$1.00 |
| 2025-06-30 | $158M | -$39M | -$0.82 |

## 경영진

**Jan Moller Mikkelsen** — Chief Executive Officer

Jan Moller Mikkelsen is a highly experienced leader in the biopharmaceutical industry, bringing a wealth of knowledge in drug development, commercialization, and strategic corporate growth. His career has spanned various executive roles within global pharmaceutical and biotechnology companies, where he has been instrumental in guiding organizations through critical phases of clinical research, regulatory approval, and market entry. Mikkelsen holds advanced degrees in relevant scientific or business disciplines, providing a strong foundation for his leadership in a science-driven enterprise. His extensive background has equipped him with a deep understanding of the complexities of developing innovative therapies for unmet medical needs.

**실적:** Under Jan Moller Mikkelsen's leadership, Ascendis Pharma A/S has achieved significant milestones, including the successful development and commercialization of SKYTROFA for pediatric growth hormone deficiency. He has been pivotal in expanding the company's proprietary TransCon pipeline across endocrinology and into oncology, fostering a culture of innovation and scientific rigor. Mikkelsen has overseen the growth of the company's employee base to 1017, demonstrating his ability to scale operations and attract top talent. His strategic vision has been crucial in positioning Ascendis Pharma as a leader in sustained-release prodrug technology.

## ADR 분석

- **ADR이란:** Ascendis Pharma A/S trades as an American Depositary Receipt (ADR) on a U.S. exchange, allowing U.S. investors to own shares of a non-U.S. company without directly purchasing stock on a foreign exchange. Each ASND ADR represents a specific number of ordinary shares of Ascendis Pharma A/S held by a custodian bank in Denmark. This structure facilitates trading and settlement in U.S. dollars, making it more accessible for American investors and subject to U.S. securities regulations.
- **본국 시장:** Nasdaq Copenhagen, Denmark
- **환율 리스크:** ADR holders are exposed to currency risk primarily due to fluctuations between the U.S. Dollar (USD) and the Danish Krone (DKK). The value of the ADR, when converted from the underlying ordinary shares, can be impacted by changes in this exchange rate. While dividends, if declared, would be paid in DKK and then converted to USD, the primary impact is on the perceived value of the investment. A strengthening USD relative to the DKK would generally decrease the USD value of the ADR, even if the underlying share price in DKK remains constant or increases.
- **ADR 레벨:** Ascendis Pharma A/S operates as a Level 2 ADR. This means its ADRs are listed and traded on a major U.S. stock exchange, such as Nasdaq. Level 2 ADRs require the issuing company to comply with full U.S. Generally Accepted Accounting Principles (GAAP) and register with the U.S. Securities and Exchange Commission (SEC). This level of ADR offers greater liquidity and visibility to U.S. investors compared to Level 1 programs, as it allows for direct trading on an exchange rather than just over-the-counter.
- **세금 영향:** U.S. holders of ASND ADRs may be subject to Danish withholding tax on any dividends paid by Ascendis Pharma A/S. The standard Danish withholding tax rate on dividends is typically 27%. However, the U.S. and Denmark have a tax treaty in place that may reduce this rate for eligible U.S. investors, often to 15%. Investors should consult with a tax advisor to understand the specific implications and potential for claiming foreign tax credits on their U.S. tax return.
- **거래 시간 차이:** Ascendis Pharma A/S's ordinary shares trade on Nasdaq Copenhagen during local Danish trading hours, typically from 9:00 AM to 5:00 PM CET (Central European Time). In contrast, its ADRs trade on a U.S. exchange during standard U.S. market hours, generally from 9:30 AM to 4:00 PM ET (Eastern Time). This difference means that news or events occurring outside of U.S. trading hours but during Copenhagen trading hours could impact the opening price of the ADRs when the U.S. market opens.

## 자주 묻는 질문

### What does Ascendis Pharma A/S do?

Ascendis Pharma A/S is a biopharmaceutical company that utilizes its proprietary TransCon technology to develop and commercialize therapies for unmet medical needs, primarily in endocrinology and 종양학. Their lead product, SKYTROFA, is a once-weekly growth hormone therapy for pediatric growth hormone deficiency (GHD). The company's pipeline includes TransCon PTH for hypoparathyroidism and TransCon CNP for achondroplasia, as well as 종양학 programs. Ascendis Pharma aims to improve patient outcomes by creating sustained-release therapies with enhanced efficacy and convenience.

### What do analysts say about ASND stock?

애널리스트 컨센서스 on Ascendis Pharma A/S (ASND) is generally positive, reflecting optimism about the company's growth prospects and innovative TransCon technology. Key valuation metrics, such as 시가총액 and 매출 성장, are closely monitored. Analysts consider the successful commercialization of SKYTROFA and the progress of pipeline products as key drivers of future growth. However, the company's current lack of profitability and potential regulatory hurdles are also taken into account. Analyst ratings and 목표 주가s are subject to change based on 임상시험 results, regulatory decisions, and market conditions.

### What are the main risks for ASND?

Ascendis Pharma faces several risks inherent to the biotechnology industry. 임상시험 failures for pipeline products represent a significant risk, as positive results are crucial for 규제 승인 and commercial success. Regulatory setbacks or delays could also impact the company's growth prospects. Competition from established pharmaceutical companies and the potential emergence of biosimilars pose a threat to SKYTROFA's 시장 점유율. Product liability claims are another potential risk, given the nature of pharmaceutical products. Finally, 환율 리스크 due to fluctuations in the exchange rate between the U.S. dollar and the Danish Krone could affect the company's financial performance.

### How does Ascendis Pharma A/S navigate 규제 승인 processes?

Ascendis Pharma navigates 규제 승인 processes by conducting rigorous 임상시험 to demonstrate the safety and efficacy of its therapies. The company works closely with regulatory agencies, such as the FDA in the 미국 and the EMA in 유럽, to ensure compliance with all applicable regulations. Ascendis Pharma has a dedicated regulatory affairs team that manages the submission of regulatory filings and interacts with regulatory authorities. The company's 실적 includes the successful approval of SKYTROFA for pediatric growth hormone deficiency. Ongoing 임상시험 for pipeline products are designed to meet regulatory requirements and support future approval submissions.

### What are the key 성장 기회 for ASND in healthcare?

Ascendis Pharma's key 성장 기회 in healthcare lie in expanding its presence in endocrinology and 종양학. The company can expand SKYTROFA's 시장 점유율 in the growth hormone deficiency market by increasing awareness and improving access to the therapy. The development and commercialization of TransCon PTH for hypoparathyroidism and TransCon CNP for achondroplasia represent significant growth drivers. Additionally, Ascendis Pharma can leverage its TransCon technology to develop novel therapies for other diseases and expand its pipeline into new therapeutic areas, such as 종양학. Strategic partnerships and collaborations can also accelerate the company's growth and expand its reach in the healthcare market.

## 데이터 소스

- Financial Modeling Prep (FMP)
- Stock Expert AI proprietary analysis

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## 면책 조항

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