Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Novo Nordisk (NVO - Analyst Report) received positive news when then U.S. Food and Drug Administration (FDA) approved its congenital FXIII deficiency treatment, Tretten. The U.S. launch is scheduled for early 2014.

The approval was based on encouraging data from a phase III study which demonstrated the safety and efficacy of Tretten. The study enrolling 41 patients showed that Tretten injections significantly decreased the number of treatment-requiring bleeding episodes when compared to a historic control group of individuals. The effectiveness of Tretten was studied in 77 patients with congenital Factor XIII A-subunit deficiency. Bleeding prevention was achieved in 90% of the patients when Tretten was given monthly.

Tretten is the first recombinant product in the routine prevention of bleeding in patients who have congenital Factor XIII A-subunit deficiency.

The drug is already approved in Canada, EU, Switzerland and Australia. Outside Canada and the U.S. the drug is marketed as NovoThirteen. Tretten also enjoys orphan-drug status in the U.S.

The news should come as a relief for Novo Nordisk as the FDA has issued a complete response letter in Aug 2013 for the same. Novo Nordisk resubmitted its application in Oct 2013.

With the approval of Tretten, Novo Nordisk has expanded its recombinant products portfolio. This will boost the hemophilia and rare bleeding disorders treatments.

Novo Nordisk has a strong presence in the Diabetes Care market with one of the broadest diabetes portfolios in the industry. Novo Nordisk carries a Zacks Rank #4 (Sell). Investors may consider other large cap pharma companies like Eli Lilly & Co. (LLY - Analyst Report) and Novartis (NVS - Snapshot Report). Both carry a Zacks Rank #2 (Buy). Questcor Pharmaceuticals Inc. (QCOR - Analyst Report) is also worth considering with a Zacks Rank #1 (Strong Buy).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LAKE SHORE G LSG 0.77 +6.05%
QUESTCOR PHA QCOR 80.07 +2.47%
VIPSHOP HOLD VIPS 156.35 +1.82%
ENLINK MIDST ENLC 36.29 +1.60%
BNC BANCORP BNCN 17.33 +1.58%