The Zacks Analyst Blog Highlights: Novo Nordisk, Allergan, Sanofi, Novartis and J&J
For Immediate Release
Chicago, IL – November 11, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Novo Nordisk
Here are highlights from Friday’s Analyst Blog:
Pharma Stock Roundup: AGN, NVO, SNY and More
It was a relatively quieter week for the pharma sector, barring the earnings reports of Novo Nordisk and Allergan. The FDA approved Sanofi’s Fluzone Quadrivalent flu vaccine for adults 65 years and above and Novartis’ long-acting biosimilar version of Amgen’s febrile neutropenia medicine, Neulasta.
Recap of the Week’s Most Important Stories:
Earnings Update:
FDA Approves Sanofi’s Quadrivalent Flu Vaccine for Older Adults: The FDA granted approval to Sanofi’s influenza vaccine, Fluzone High Dose Quadrivalent for use in adults 65 years and above. Fluzone High-Dose is presently marketed as a trivalent influenza vaccine, including two influenza A strains and one influenza B strain. The FDA approval of the Fluzone High Dose Quadrivalent vaccine expands protection for an additional influenza B strain. The new quadrivalent vaccine is expected to be available in fall 2020, in time for the 2020-2021 flu season.
Sanofi also presented data from a phase III study (EDITION JUNIOR) evaluating Toujeo (insulin glargine 300 Units/mL) in children and adolescents with type 1 diabetes. The data showed that the group of patients administered Toujeo achieved comparable reduction in average blood sugar (HbA1c) and similar risk of low blood sugar events compared to insulin glargine 100 Units/mL. Meanwhile, the percentage of patients who experienced severe hypoglycemia, and the percentage with hyperglycemia with ketosis were numerically lower with Toujeo.
Sanofi also said that the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use gave a positive opinion, recommending expansion of Toujeo’s indication in Europe to allow use in adolescents and children based on EDITION JUNIOR study data.
Sandoz Gets FDA Nod for Long-Acting Neulasta Biosimilar:Novartis’ generic subsidiary Sandoz gained FDA approval for Ziextenzo, its long-acting biosimilar version of Amgen’s febrile neutropenia medicine, Neulasta (filgrastim). Sandoz already markets Ziextenzo in Europe as well as a short-acting filgrastim biosimilar, Zarxio, in the United States.
With the approval of Ziextenzo, Sandoz becomes the only company, which offers long- as well as short-acting filgrastim biosimilar treatment options. Sandoz will launch Ziextenzo in the United States this year.
J&J Files for Ebola Vaccine in EU:J&J submitted a marketing application to the EMA seeking approval for its two-dose investigational Ebola vaccine regimen. J&J has developed the vaccine for the prevention of Ebola Virus caused by Zaire strain.
Novo Nordisk Buys Rights to NASH Candidate:Novo Nordisk obtained an exclusive worldwide license to a potential NASH candidate, UD-014, from Japan’s UBE Industries Ltd for an undisclosed upfront payment. Novo Nordisk will take care of future development/commercialization of UD-014, which is now in pre-clinical studies.
The NYSE ARCA Pharmaceutical Index declined 1.4% in the last five trading sessions.
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