Argenx tops BEL 20 index after Q3 beat
** Shares in Argenx ARGX.BR rise 7.5% to all-time high after the Belgian biotech company reported better-than-expected Q3 results, reachingoperating profitability
** Argenx reports a net profit of $91.41 million in the third quarter, marking a turnaround from a $72.64 million loss in the same period last year
** The company's total operating income also rose significantly to $589.9 million, up from $339.84 million a year ago
** "We note that the company reached operating profitability for the quarter despite increased investments in R&D and SG&A" KBC notes
** Argenx reports Vyvgart sales ($573 million) 8% above BBG analyst consensus, showcasing the robustness of itscommercial engine, KBC Securities notes
** "In the pipeline, timelines are reiterated and we look ahead to the upcoming go/no go decision for myositis by YE24 and an update on the BP study", KBC adds
** Stock tops Belgium's blue-chip BEL 20 index .BFX, and is up58.95% year to date
Reporting by Canan Sevgili
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