Eva Schaefer-Jansen: Last question from Richard Vosser from JPMorgan.
Richard Vosser: Two, please. Just on the EUR 500 million target. Maybe you could give us a little bit of color on the — and the breakdown between Beyfortus — and Tzield clearly mostly Beyfortus, but some idea there. And then just on Beyfortus. I think in the past, you’ve talked about 3-year ramp to peak sales. Is that still intact with the supply? Or can we accelerate it if you can get CDMOs to make more of the product? Just some thoughts there. .
Paul Hudson: So yes, we moved the number on sales from EUR 400 million to EUR 500 million. I think you’ve seen the…
Eva Schaefer-Jansen: Greater than.
Paul Hudson: Thank you, Eva. Greater than. You can’t see this, but this is why she sits next to me to remind me of the things that I missed. Greater than EUR 500 million, and I think I’m glad to remind me of that. But you’ve seen the individual asset sales in Q3, and you can see the weight of them. And this is the magic about these three assets. The Beyfortus number could be very significant. But you go all the way through to Tzield, which at some point over the next year, two years, three years, when screening and everything is done, we’ll start to become a big deal for this Company. So their trajectories, I think you alluded to the same part of the question, are not the same shape. So we’ve not said how we mix it up, but we just want you to know.
I said a bit earlier on about how good we are operationally. We’re doing that. That’s H2 new sales of greater than EUR 500 million. This Company knows how to launch. I think there was some question mark about Dupixent whether there’s some rust on the launch machine. There is no rust on launch machine, just to be clear. So we know exactly where we stand. Tom, I think the second part was really around there’s time to the ramp to peak because vaccines is very specific as well. And will you be impacted by some precedented demand?
Thomas Triomphe: And a great question, John. You’re rightfully pointing out to the fact that we said roughly three years or slightly more is about the big sales ramp-up for vaccines with the rate of take. I totally keep that in line. I think we are on a 3-year trajectory for — so that’s definitely concerned. What’s new with this level of unprecedented demand and our launching capabilities is that maybe the way we were looking at pixels in the past is now to be updated. So definitely three years in terms of ramp-up, but maybe with a bigger potential in terms of pixels. .
Paul Hudson: Yes, it’s interesting you say that because I think what we’ve learned — of course, you’d rather have perfect supply. But what we learned from all the dialogue is the number of parents and even pediatricians recommending or choosing is more than you could possibly have expected, which tells us that the total is going to be very significant indeed. And the shape may have a little bit of give and take in it, but we’ll get to a very different number than we imagined at the beginning. [indiscernible] Listen, by way of just closing this out for us, I think it’s very important to be clear, and I said this to the Board just a day or two ago that we have reached the point where we believe we can create more value by taking this approach.
And we understand there’s some short-term disappointment. You want to be able to model, you want to have certainty. The price for certainty for us is not maximizing the long-term value of the Company. So we take it and we carry it. And I have to look at that and I look at the share price reaction. And whilst disappointing on the day, I have to fully understand our work is to get it done, to get to R&D Day to show you why we’re excited, to show you what we bet because if you ask me, would I take this situation back in ’19 when JB and I were rolling the strategy out. The answer is we would, but we’ve come a long way, but we still have a long way to go. And so while we have a lot to prove and we’ll take it now, we have cost discipline. We believe in the long-term sales growth potential and those two things together with an improving — of success in R&D and operational alpha on launches means that we can really do something very special here.
So I accept that people have [indiscernible] of news, a lot to take in, but doubling down to become a pure-play biopharma and respectfully exiting consumer separating rather at some point is an important part of the sort of obsessive focus on creating value in pharma. That’s where we are, it’s the first time this Company will be able to be in that situation. So look, we take it what it is today, and we’ll show you why it was the right decision. So thank you, everybody, for joining the call. Thank you.
