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Roche's Ocrevus Wins FDA Approval for 2 Forms of Sclerosis
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Roche Holdings AG (RHHBY - Free Report) announced that the FDA has approved Ocrevus (ocrelizumab) as the first and only drug for both relapsing and primary progressive forms of multiple sclerosis.
Roche’s share price shows that the company has outperformed the Zacks classified industry year to date. The stock gained 12.4% compared to the Large Cap Pharmaceuticals industry’s gain of 6.7%.
The approved drug demonstrated a favorable benefit-risk profile in three large phase III studies with a diverse patient population, including those in the early stages.
We note that Ocrevus demonstrated superior efficacy on the three major markers of disease activity by reducing relapses per year by nearly half, slowing the worsening of disability and significantly reducing MRI lesions compared with Rebif in two identical RMS Phase III studies (OPERA I & OPERAII) over the two-year controlled treatment period.
The most common side effects associated were infusion reactions and upper respiratory tract infections, which were mostly mild to moderate in severity.
We note that the company’s Marketing Authorisation Application (MAA) for Ocrevus has also been validated by the European Medicines Agency (EMA) and is currently under review.
The approval boosts Roche’s neuroscience portfolio. Roche has more than a dozen pipeline candidates in the neuroscience portfolio for diseases that include multiple sclerosis, Alzheimer’s disease, spinal muscular atrophy, Parkinson’s disease and autism.
We remind investors that Biogen Inc. (BIIB - Free Report) has a strong position in the MS market backed by a wide range of products including Avonex, Tysabri, Tecfidera & Plegridy.
Meanwhile, Roche has a strong presence in the oncology market. The company dominates the breast cancer space with strong demand for its HER2 franchise drugs like Herceptin, Perjeta and Kadcyla. We are also impressed by the company's efforts to develop its portfolio beyond oncology into immunology. New drug launches, such as Tecentriq, Cotellic and Alecensa boosted sales and is expected to continue to do so in the upcoming quarters.
Zacks Rank & Stocks to Consider
Roche currently sports a Zacks Rank #1 (Strong Buy).
Heska’s earnings estimates increased from $1.53 to $1.65 for 2017 and from $1.90 to $2.01 for 2018 over the last 30 days. The company posted a positive earnings surprise in all the four trailing quarters with an average beat of 291.54%. Its share price increased 32.7% year to date.
Retrophin’s loss estimates narrowed from 85 cents 72 cents for 2017 and from 67 cents to 53 cents for 2018 over the last 30 days. The company posted a positive earnings surprise in three of the four trailing quarters with an average beat of 80.55%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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Roche's Ocrevus Wins FDA Approval for 2 Forms of Sclerosis
Roche Holdings AG (RHHBY - Free Report) announced that the FDA has approved Ocrevus (ocrelizumab) as the first and only drug for both relapsing and primary progressive forms of multiple sclerosis.
Roche’s share price shows that the company has outperformed the Zacks classified industry year to date. The stock gained 12.4% compared to the Large Cap Pharmaceuticals industry’s gain of 6.7%.
The approved drug demonstrated a favorable benefit-risk profile in three large phase III studies with a diverse patient population, including those in the early stages.
We note that Ocrevus demonstrated superior efficacy on the three major markers of disease activity by reducing relapses per year by nearly half, slowing the worsening of disability and significantly reducing MRI lesions compared with Rebif in two identical RMS Phase III studies (OPERA I & OPERAII) over the two-year controlled treatment period.
The most common side effects associated were infusion reactions and upper respiratory tract infections, which were mostly mild to moderate in severity.
We note that the company’s Marketing Authorisation Application (MAA) for Ocrevus has also been validated by the European Medicines Agency (EMA) and is currently under review.
The approval boosts Roche’s neuroscience portfolio. Roche has more than a dozen pipeline candidates in the neuroscience portfolio for diseases that include multiple sclerosis, Alzheimer’s disease, spinal muscular atrophy, Parkinson’s disease and autism.
We remind investors that Biogen Inc. (BIIB - Free Report) has a strong position in the MS market backed by a wide range of products including Avonex, Tysabri, Tecfidera & Plegridy.
Meanwhile, Roche has a strong presence in the oncology market. The company dominates the breast cancer space with strong demand for its HER2 franchise drugs like Herceptin, Perjeta and Kadcyla. We are also impressed by the company's efforts to develop its portfolio beyond oncology into immunology. New drug launches, such as Tecentriq, Cotellic and Alecensa boosted sales and is expected to continue to do so in the upcoming quarters.
Zacks Rank & Stocks to Consider
Roche currently sports a Zacks Rank #1 (Strong Buy).
Other favorably placed stocks in the healthcare sector include Heska Corp. and Retrophin, Inc. . Both the stocks flaunt a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Heska’s earnings estimates increased from $1.53 to $1.65 for 2017 and from $1.90 to $2.01 for 2018 over the last 30 days. The company posted a positive earnings surprise in all the four trailing quarters with an average beat of 291.54%. Its share price increased 32.7% year to date.
Retrophin’s loss estimates narrowed from 85 cents 72 cents for 2017 and from 67 cents to 53 cents for 2018 over the last 30 days. The company posted a positive earnings surprise in three of the four trailing quarters with an average beat of 80.55%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>