Back to top

Analyst Blog

The HealthCare segment at Bayer (BAYRY - Analyst Report) issued a statement regarding its marketed product, Aleve (naproxen), following a joint meeting of the Arthritis Advisory Committee (AAC) and Drug Safety Committee and Risk Management Advisory Committee (DSaRM).

Bayer stated that the U.S. Food and Drug Administration (FDA) panel did not find any accumulated data to support a significant difference in cardiovascular risk for Aleve compared to other non-aspirin non-steroidal anti-inflammatory drugs (NSAIDs). The FDA advisory panel concluded that Aleve has a low cardiovascular thrombotic risk profile compared to other non-aspirin NSAIDs.

We note that the label of Aleve is inclusive of a FDA-mandated cardiovascular warning which states that the risk of heart attack or stroke may increase if the drug is used more than directed or for longer than directed.

Bayer now intends to work with the FDA so that appropriate information on Aleve is communicated to consumers, patients and healthcare providers. At present other non-aspirin NSAIDs include Pfizer Inc.’s (PFE - Analyst Report) Celebrex and Advil.

Bayer gained over 4% on the encouraging news. Bayer recorded Aleve sales of €79 million in the third quarter of 2013. We expect sales of the drug to improve in the coming quarters supported by the FDA panel’s recommendation. Bayer will report its fourth quarter and full year 2013 results on Feb 28.

Bayer currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks include Actelion Ltd. (ALIOF) and Allergan Inc. (AGN - Analyst Report).  While Actelion holds a Zacks Rank #1 (Strong Buy), Allergan carries a Zacks Rank #2 (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

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
SYNAPTICS I… SYNA 78.11 +8.14%
GREEN PLAIN… GPRE 39.41 +5.12%
PILGRIM'S P… PPC 28.82 +3.08%
SKYWORKS SO… SWKS 52.07 +2.58%
CLAYTON WIL… CWEI 109.08 +2.51%