Radius Health, Inc. (RDUS - Free Report) announced that it has entered into an agreement with Paladin Labs Inc., an operating company of Endo International plc to register, commercialize and distribute abaloparatide in Canada.
Per the agreement, Paladin will in-license Radius’ abaloparatide subcutaneous injection, marketed as Tymlos, and abaloparatide transdermal device (abaloparatide-TD) in Canada. Radius will receive upfront and milestone payments up to $8 million from Paladin, wherein the latter will be responsible for all commercial activities related to abaloparatide in Canada. Radius is also eligible to receive tiered royalties up to the mid-twenties on net sales of the product in Canada.
Notably, Radius will supply the drug to Paladin, which will look after the registration distribution, sales, pricing and reimbursement activities related to abaloparatide in the given region.
We note that Tymlos’ subcutaneous injection is approved by the FDA for the treatment of postmenopausal women with osteoporosis at high risk for fracture.
Paladin is planning for a new drug submission for Tymlos to Health Canada by the first quarter of 2022. A potential approval in Canada will boost the drug’s sales.
Shares of Radius have declined 5.7% in the past year compared with the industry’s decrease of 3.4%.
We remind investors that the wearABLe phase III study is evaluating the safety and efficacy of abaloparatide-TD in the treatment of postmenopausal women with osteoporosis at high risk for fracture as compared with Tymlos.
We note that Tymlos sales are holding up pretty well, as the drug generated sales worth $148.5 million in the first nine months of 2020, reflecting an increase of 26.2% year over year. However, competition in the market remains stiff from bigwigs like Eli Lilly’s (LLY - Free Report) Forteo and Amgen's (AMGN - Free Report) Prolia.
Zacks Rank
Radius currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Radius Health, Inc. (RDUS - Free Report) announced that it has entered into an agreement with Paladin Labs Inc., an operating company of Endo International plc to register, commercialize and distribute abaloparatide in Canada.
Per the agreement, Paladin will in-license Radius’ abaloparatide subcutaneous injection, marketed as Tymlos, and abaloparatide transdermal device (abaloparatide-TD) in Canada. Radius will receive upfront and milestone payments up to $8 million from Paladin, wherein the latter will be responsible for all commercial activities related to abaloparatide in Canada. Radius is also eligible to receive tiered royalties up to the mid-twenties on net sales of the product in Canada.
Notably, Radius will supply the drug to Paladin, which will look after the registration distribution, sales, pricing and reimbursement activities related to abaloparatide in the given region.
We note that Tymlos’ subcutaneous injection is approved by the FDA for the treatment of postmenopausal women with osteoporosis at high risk for fracture.
Paladin is planning for a new drug submission for Tymlos to Health Canada by the first quarter of 2022. A potential approval in Canada will boost the drug’s sales.
Shares of Radius have declined 5.7% in the past year compared with the industry’s decrease of 3.4%.
We remind investors that the wearABLe phase III study is evaluating the safety and efficacy of abaloparatide-TD in the treatment of postmenopausal women with osteoporosis at high risk for fracture as compared with Tymlos.
We note that Tymlos sales are holding up pretty well, as the drug generated sales worth $148.5 million in the first nine months of 2020, reflecting an increase of 26.2% year over year. However, competition in the market remains stiff from bigwigs like Eli Lilly’s (LLY - Free Report) Forteo and Amgen's (AMGN - Free Report) Prolia.
Zacks Rank
Radius currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on LLY - FREE
Get the latest research report on AMGN - FREE
Get the latest research report on RDUS - FREE