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The Zacks Analyst Blog Highlights: BioNTech, Ocugen, Rubius Therapeutics and Entera Bio
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For Immediate Release
Chicago, IL – May 19, 2021 – 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: BioNTech SE (BNTX - Free Report) , Ocugen, Inc. (OCGN - Free Report) , Rubius Therapeutics, Inc. and Entera Bio Ltd. (ENTX - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
4 Biotech Stocks That Have Already Doubled This Year
The biotech industry continues to witness developments and improvements in drug research in 2021 while withstanding the impact of the pandemic remarkably well. While development updates related to COVID-19 medicines/vaccines continued to take center stage this year, there were positive developments in the biotech sector in other pipeline areas too.
In this article, we discuss four companies, whose stocks have already doubled this year. Let us understand the factors, which drove these stocks.
BioNTech has been riding high on the success of it and partner Pfizer's two-shot vaccine for COVID-19, BNT162b2/Comirnaty. The vaccine was developed in record time and is now approved for emergency/temporary use in individuals 16 years of age and older in 91 countries worldwide.
As of May 3, 2021, Pfizer/BioNTech had shipped approximately 430 million doses of the vaccine to 91 countries, bringing in significant revenues for BioNTech and Pfizer. Moreover, Pfizer/BioNTech have signed agreements to deliver over 1.8 billion doses of BNT162b2 in 2021.
Last week, the FDA expanded BNT162b2's Emergency Use Authorization (EUA) to allow vaccinating adolescents aged 12-15 years old. Meanwhile studies are ongoing to expand the authorization of BNT162b2 to additional population groups.
Meanwhile, BioNTech is moving into later stage testing for three cancer programs in the near term and plans to launch multiple new products over the next five years.
Ocugen
This #3 (Hold) Ranked stock is up 369.9% this year so far.
In February, Ocugen entered into a definitive agreement with India-based Bharat Biotech to co-develop and commercialize the latter's COVID-19 vaccine, COVAXIN, for the U.S. market. This collaboration,which gave Ocugen U.S. rights to this lucrative vaccine candidate, has driven the stock's price this year so far. Ocugen is making progress toward EUA for COVAXIN in the United States. Ocugen is also in discussions with BARDA, regarding the U.S. government's support of COVAXIN.
The company is also simultaneously driving its ophthalmology gene therapy pipeline toward clinical studies. It plans to submit an investigational new drug ("IND") application for its gene therapy candidate, OCU400, in the second half of this year. The IND application is seeking FDA's approval to initiate two early-stage studies, anticipated to start by the end of 2021.
Rubius Therapeutics
Rubius Therapeutics has a Zacks Rank #3. Its stock has risen 242.7% this year so far.
Rubius Therapeutics' stock got an impetus from positive initial data announced from a phase I/II study of its pipeline candidate, RTX-240 in advanced solid tumors in March. The data demonstrated RTX-240's single-agent activity providing initial validation of the Rubius Therapeutics' RED PLATFORM
Its other clinical programs in cancer and autoimmune diseases are also progressing. Enrolment is ongoing in phase I studies on RTX-240 in acute myeloid leukemia and RTX-321 in advanced HPV 16-positive cancer. Several data readouts are expected this year,which could be catalysts for the stock.
Entera Bio
Entera Bio has a Zacks Rank #3. Its stock has risen 180.5% this year so far.
Entera Bio's stock gained this year following announcement of positive final three-month biomarker data from phase II study of its orally delivered human parathyroid hormone (1-34) or PTH, drug candidate, EB613 in osteoporosis in March.
The study met the primary endpoint showing a significant increase in the P1NP biomarker in the 2.5 mg dose group after 3 months of treatment compared to placebo. P1NP is a biomarker that indicates the rate of new bone formation.
Patients in the 2.5 mg dose group also experienced a significant reduction in CTX, a biomarker that indicates the rate of bone resorption. The data, overall, supported the osteoanabolic or bone building effects of EB613 as well as its potential to produce meaningful increases in bone mineral density at six months.
EB613, if approved, will provide an oral alternative to daily injections to osteoporosis patients, thereby improving patient convenience.
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A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It's bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is "Will you get into the right stocks early when their growth potential is greatest?"
Zacks has released a Special Report to help you do just that, and today it's free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: BioNTech, Ocugen, Rubius Therapeutics and Entera Bio
For Immediate Release
Chicago, IL – May 19, 2021 – 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: BioNTech SE (BNTX - Free Report) , Ocugen, Inc. (OCGN - Free Report) , Rubius Therapeutics, Inc. and Entera Bio Ltd. (ENTX - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
4 Biotech Stocks That Have Already Doubled This Year
The biotech industry continues to witness developments and improvements in drug research in 2021 while withstanding the impact of the pandemic remarkably well. While development updates related to COVID-19 medicines/vaccines continued to take center stage this year, there were positive developments in the biotech sector in other pipeline areas too.
In this article, we discuss four companies, whose stocks have already doubled this year. Let us understand the factors, which drove these stocks.
BioNTech
BioNTech has a Zacks Rank #1 (Strong Buy) and its stock is up 143.2% this year so far. You can see the complete list of today's Zacks #1 Rank stocks here.
BioNTech has been riding high on the success of it and partner Pfizer's two-shot vaccine for COVID-19, BNT162b2/Comirnaty. The vaccine was developed in record time and is now approved for emergency/temporary use in individuals 16 years of age and older in 91 countries worldwide.
As of May 3, 2021, Pfizer/BioNTech had shipped approximately 430 million doses of the vaccine to 91 countries, bringing in significant revenues for BioNTech and Pfizer. Moreover, Pfizer/BioNTech have signed agreements to deliver over 1.8 billion doses of BNT162b2 in 2021.
Last week, the FDA expanded BNT162b2's Emergency Use Authorization (EUA) to allow vaccinating adolescents aged 12-15 years old. Meanwhile studies are ongoing to expand the authorization of BNT162b2 to additional population groups.
Meanwhile, BioNTech is moving into later stage testing for three cancer programs in the near term and plans to launch multiple new products over the next five years.
Ocugen
This #3 (Hold) Ranked stock is up 369.9% this year so far.
In February, Ocugen entered into a definitive agreement with India-based Bharat Biotech to co-develop and commercialize the latter's COVID-19 vaccine, COVAXIN, for the U.S. market. This collaboration,which gave Ocugen U.S. rights to this lucrative vaccine candidate, has driven the stock's price this year so far. Ocugen is making progress toward EUA for COVAXIN in the United States. Ocugen is also in discussions with BARDA, regarding the U.S. government's support of COVAXIN.
The company is also simultaneously driving its ophthalmology gene therapy pipeline toward clinical studies. It plans to submit an investigational new drug ("IND") application for its gene therapy candidate, OCU400, in the second half of this year. The IND application is seeking FDA's approval to initiate two early-stage studies, anticipated to start by the end of 2021.
Rubius Therapeutics
Rubius Therapeutics has a Zacks Rank #3. Its stock has risen 242.7% this year so far.
Rubius Therapeutics' stock got an impetus from positive initial data announced from a phase I/II study of its pipeline candidate, RTX-240 in advanced solid tumors in March. The data demonstrated RTX-240's single-agent activity providing initial validation of the Rubius Therapeutics' RED PLATFORM
Its other clinical programs in cancer and autoimmune diseases are also progressing. Enrolment is ongoing in phase I studies on RTX-240 in acute myeloid leukemia and RTX-321 in advanced HPV 16-positive cancer. Several data readouts are expected this year,which could be catalysts for the stock.
Entera Bio
Entera Bio has a Zacks Rank #3. Its stock has risen 180.5% this year so far.
Entera Bio's stock gained this year following announcement of positive final three-month biomarker data from phase II study of its orally delivered human parathyroid hormone (1-34) or PTH, drug candidate, EB613 in osteoporosis in March.
The study met the primary endpoint showing a significant increase in the P1NP biomarker in the 2.5 mg dose group after 3 months of treatment compared to placebo. P1NP is a biomarker that indicates the rate of new bone formation.
Patients in the 2.5 mg dose group also experienced a significant reduction in CTX, a biomarker that indicates the rate of bone resorption. The data, overall, supported the osteoanabolic or bone building effects of EB613 as well as its potential to produce meaningful increases in bone mineral density at six months.
EB613, if approved, will provide an oral alternative to daily injections to osteoporosis patients, thereby improving patient convenience.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It's bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is "Will you get into the right stocks early when their growth potential is greatest?"
Zacks has released a Special Report to help you do just that, and today it's free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.