Back to top

Analyst Blog

Novo Nordisk (NVO - Analyst Report) recently announced positive phase III data on its hemophilia B candidate, N9-GP, from the paradigm 2 study.

Paradigm 2 evaluated N9-GP, a long-acting FIX derivative, for on-demand or prophylactic treatment of hemophilia B patients. Results indicated that the once-weekly prophylactic administration of N9-GP could lower the risk of bleeds by more than 90% compared to on-demand treatment. Moreover, 99% of the few occurring bleeds could be stopped with a single dose

The paradigm program includes 7 studies evaluating the pharmacokinetics, immunogenicity, efficacy and safety of N9-GP in adult and pediatric hemophilia B patients as well as in patients undergoing surgery.

In the coming twelve months, Novo Nordisk expects the two remaining phase III studies in the paradigm program to be completed. N9-GP is expected to be filed for approval in all major markets by 2015.

Currently, the hemophilia market is crowded with drugs like Advate, Xyntha, Recombinate and Kogenate FS.

We note that Biogen Idec’s (BIIB - Analyst Report) hemophilia B candidate, Alprolix, is currently under FDA review. With the FDA granting standard review, a response from the agency regarding the approval status of Alprolix should be out in the fourth quarter of this year.

Novo Nordisk has a strong presence in the diabetes care market. The Diabetes Care segment recorded growth of 15% in 2012 with sales coming in at DKK 60.9 billion. Modern Insulins generated strong revenues(up 15%) driven by NovoRapid (up 16%) and Levemir (up 21%). 2012 results were driven by strong revenues from NovoRapid, Levemir and Victoza. Victoza witnessed sales growth of 58% in 2012.

Novo Nordisk currently carries a Zacks Rank #3 (Hold). Currently, companies like Santarus, Inc. and Salix Pharmaceuticals Ltd. (SLXP - Analyst Report) look more attractive with a Zacks Rank #1 (Strong Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

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 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
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%