We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: Alexion, Amgen, Gilead and AMAG
Read MoreHide Full Article
For Immediate Release
Chicago, IL –October 31, 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: Alexion , Amgen (AMGN - Free Report) , Gilead (GILD - Free Report) and AMAG .
Here are highlights from Wednesday’s Analyst Blog:
Biotech Stock Roundup: ALXN, AMGN, GILD and More
It was a busy week for the biotech sector with updates from most bigwigs. Alexion and Amgen both topped earnings estimates in the third quarter, while Gilead reported mixed results. Meanwhile, the FDA advisory committee voted on AMAG’s Makena.
Recap of the Week’s Most Important Stories:
Alexion & Amgen Impress in Q3: Alexion’s earnings and sales beat estimates in the third quarter of 2019 on sustained growth of its blockbuster drug, Soliris, and solid uptake of Ultomiris.
Amgen too beat on earnings and sales in the third quarter. The company slightly raised its sales guidance, while increasing the earnings range significantly.
However, Gilead reported mixed results for the third quarter as earnings missed expectations but sales managed to marginally surpass the same.
Gilead Collaborates With Glympse Bio: Gilead Sciences Inc announced that it had entered a collaboration with Glympse Bio for advancing its nonalcoholic steatohepatitis clinical development. The financial terms of the agreement were not disclosed. Glympse Bio’s proprietary synthetic biomarkers are bioengineered to identify the stage and progression of the disease as well as early detection of treatment response. Gilead will use these to determine clinical trial participants’ stage of disease at initial screening and their responses to study treatment.
AMAG’s Updates on FDA Committee Meeting for Makena: AMAG Pharmaceuticals announced that the FDA’s Bone, Reproductive and Urologic Drugs Advisory Committee has analyzed the data from the PROLONG trial on Makena. The drug is approved to reduce preterm birth in pregnant women, who have had a prior spontaneous preterm birth. Nine of 16 advisory committee members voted to recommend the FDA to pursue the withdrawal of Makena from the market, while the rest voted to keep the product in the market under accelerated approval and request a new confirmatory trial. The agency will consider the advisory committee's recommendation when making its decision but is not bound by the same.
Amgen to Make Repatha Available at a Lower List Price: Amgen announced that its PCSK9 inhibitor, Repatha, will be available at a 60% lower list price of $5,850 per year, effective Dec 31, 2019. The drug is approved for the treatment for patients with high cholesterol and cardiovascular disease to reduce heart attacks and strokes. In October 2018, Amgen slashed the U.S. list price of Repatha by 60%.
The Nasdaq Biotechnology index gained 2.06% in the last five trading sessions. Among the biotech giants, Alexion gained 8.3% in the period. Over the past six months, shares of Biogen have gained 29.7%, whereas Alexion stock has declined 20.5%. (See the last biotech stock roundup here: Biotech Stock Roundup: Biotech Stock Roundup: BIIB Up on AD Data, ALXN to Buy ACHN & Other Pipeline Updates)
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: Alexion, Amgen, Gilead and AMAG
For Immediate Release
Chicago, IL –October 31, 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: Alexion , Amgen (AMGN - Free Report) , Gilead (GILD - Free Report) and AMAG .
Here are highlights from Wednesday’s Analyst Blog:
Biotech Stock Roundup: ALXN, AMGN, GILD and More
It was a busy week for the biotech sector with updates from most bigwigs. Alexion and Amgen both topped earnings estimates in the third quarter, while Gilead reported mixed results. Meanwhile, the FDA advisory committee voted on AMAG’s Makena.
Recap of the Week’s Most Important Stories:
Alexion & Amgen Impress in Q3: Alexion’s earnings and sales beat estimates in the third quarter of 2019 on sustained growth of its blockbuster drug, Soliris, and solid uptake of Ultomiris.
Amgen too beat on earnings and sales in the third quarter. The company slightly raised its sales guidance, while increasing the earnings range significantly.
However, Gilead reported mixed results for the third quarter as earnings missed expectations but sales managed to marginally surpass the same.
Amgen currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Gilead Collaborates With Glympse Bio: Gilead Sciences Inc announced that it had entered a collaboration with Glympse Bio for advancing its nonalcoholic steatohepatitis clinical development. The financial terms of the agreement were not disclosed. Glympse Bio’s proprietary synthetic biomarkers are bioengineered to identify the stage and progression of the disease as well as early detection of treatment response. Gilead will use these to determine clinical trial participants’ stage of disease at initial screening and their responses to study treatment.
AMAG’s Updates on FDA Committee Meeting for Makena: AMAG Pharmaceuticals announced that the FDA’s Bone, Reproductive and Urologic Drugs Advisory Committee has analyzed the data from the PROLONG trial on Makena. The drug is approved to reduce preterm birth in pregnant women, who have had a prior spontaneous preterm birth. Nine of 16 advisory committee members voted to recommend the FDA to pursue the withdrawal of Makena from the market, while the rest voted to keep the product in the market under accelerated approval and request a new confirmatory trial. The agency will consider the advisory committee's recommendation when making its decision but is not bound by the same.
Amgen to Make Repatha Available at a Lower List Price: Amgen announced that its PCSK9 inhibitor, Repatha, will be available at a 60% lower list price of $5,850 per year, effective Dec 31, 2019. The drug is approved for the treatment for patients with high cholesterol and cardiovascular disease to reduce heart attacks and strokes. In October 2018, Amgen slashed the U.S. list price of Repatha by 60%.
Performance
Medical - Biomedical and Genetics Industry 5YR % Return
The Nasdaq Biotechnology index gained 2.06% in the last five trading sessions. Among the biotech giants, Alexion gained 8.3% in the period. Over the past six months, shares of Biogen have gained 29.7%, whereas Alexion stock has declined 20.5%. (See the last biotech stock roundup here: Biotech Stock Roundup: Biotech Stock Roundup: BIIB Up on AD Data, ALXN to Buy ACHN & Other Pipeline Updates)
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.