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.

Roche (RHHBY - Analyst Report) recently announced positive results from a phase III trial (ASTERIA II: n=323) which is evaluating Xolair (omalizumab) for an additional indication.

Data from the global, multicenter, randomized, double-blind, placebo-controlled study revealed that Xolair met its primary endpoint in patients (aged between 12 to 75 years) suffering from moderate-to-severe chronic idiopathic urticaria (CIU).  

The patients remained symptomatic despite treatment with approved H1 antihistamine doses, which as per Roche is the only approved therapy for the indication.

The study met the primary endpoint in two of the three dose groups studied and revealed that Xolair when administered every four weeks led to a significant improvement in the mean weekly Itch Severity Score (ISS) from baseline.

We note that Xolair is already approved to treat patients with moderate –to-severe persistent allergic asthma caused by year round allergens in the air. Roche intends to seek US approval of the drug for the new indication later in 2013.

We note that Roche is co- developing Xolair for the new indication with Novartis (NVS - Snapshot Report).

We are positive on the current developments at Roche. A couple of days ago, the FDA approved Kadcyla (ado-trastuzumab emtansine or T-DM1) for the treatment of patients suffering from HER2-positive metastatic breast cancer (mBC).

The approval of Kadcyla will strengthen Roche's HER2 franchise. Roche expects Perjeta, Kadcyla and Actemra to positively impact results in 2013.

Roche currently carries a Zacks Rank #4 (Sell). However, other large cap pharma stocks, such as Bayer (BAYRY - Analyst Report) and Eli Lilly and Company (LLY - Analyst Report) currently look better positioned with 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

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
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%