Johnson & Johnson (JNJ - Free Report) filed an application to the European Medicines Agency (EMA) seeking approval for the expanded use of its cancer drug, Rybrevant (amivantamab).
The Type II indication application extension seeks Rybrevant's approval in combination with chemotherapy (carboplatin and pemetrexed) for the first-line treatment of patients with advanced non-small cell lung cancer (NSCLC) with EGFR exon 20 insertion mutations. The application is based on data from the phase III PAPILLON study.
The EMA had granted conditional marketing authorization to Rybrevant in December 2021 for patients with locally advanced or metastatic NSCLC with EGFR exon 20 insertion mutations whose disease progressed after platinum-based chemotherapy.
A supplemental biologics license application (sBLA) seeking approval from the FDA for a similar first-line use of Rybrevant in NSCLC is also under review in the United States. Currently, Rybrevant is approved for patients with locally advanced or metastatic NSCLC with EGFR exon 20 insertion mutations whose disease progressed on or after platinum-based chemotherapy in the United States.
J&J’s stock has declined 10.8% so far this year against an increase of 5.3% for the industry.
In July, J&J had announced positive top-line data from the PAPILLON study, which evaluated Rybrevant in combination with chemotherapy in patients with newly diagnosed advanced or metastatic NSCLC with EGFR exon 20 insertion mutations. The study met its primary endpoint. It showed a statistically significant and clinically meaningful improvement in progression-free survival (PFS) in the Rybrevant plus chemotherapy arm versus chemotherapy alone.
Last month, J&J announced positive top-line data from another study, MARIPOSA-2, evaluating Rybrevant plus chemotherapy with and without lazertinib versus chemotherapy alone in patients with EGFR-mutated NSCLC after disease progression on osimertinib. The study met its dual primary endpoint, resulting in statistically significant and clinically meaningful improvement in PFE versus chemotherapy alone in both experimental treatment arms. Regarding overall survival data, a planned interim analysis showed a trend favoring the Rybrevant and lazertinib combination compared to osimertinib.
Zacks Rank & Stocks to Consider
J&J currently has a Zacks Rank #4 (Sell).
Some top-ranked drug/biotech companies worth considering are Alpine Immune Sciences , Aurinia Pharmaceuticals (AUPH - Free Report) and Corcept Therapeutics (CORT - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 90 days, the consensus estimate for Alpine Immune Sciences’ 2023 loss has narrowed from $1.43 per share to $1.18 per share, while the same for 2024 has narrowed from $1.73 per share to $1.47 per share. Year to date, shares of Alpine Immune Sciences have rallied 65.8%.
ALPN’s earnings beat estimates in two of the trailing four quarters and missed the mark in the other two, delivering an average negative earnings surprise of 79.65%.
In the past 90 days, the loss per share estimate for Aurinia Pharmaceuticals for 2023 has narrowed from 71 cents per share to 58 cents per share, while that for 2024 has narrowed from 44 cents to 27 cents. Year to date, shares of Aurinia Pharmaceuticals have gained 68.9%.
Earnings of Aurinia Pharmaceuticals beat estimates in all the last four quarters, delivering an earnings surprise of 45.61% on average.
In the past 90 days, the Zacks Consensus Estimate for Corcept’s earnings has increased from 62 cents per share to 78 cents for 2023. The bottom-line estimate has also improved from 61 cents to 83 cents for 2024 during the same time frame. Shares of the company have rallied 30.0% year to date.
CORT’s earnings beat estimates in two of the trailing four quarters and missed the mark in the other two, delivering an average earnings surprise of 6.99%.
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Johnson & Johnson (JNJ - Free Report) filed an application to the European Medicines Agency (EMA) seeking approval for the expanded use of its cancer drug, Rybrevant (amivantamab).
The Type II indication application extension seeks Rybrevant's approval in combination with chemotherapy (carboplatin and pemetrexed) for the first-line treatment of patients with advanced non-small cell lung cancer (NSCLC) with EGFR exon 20 insertion mutations. The application is based on data from the phase III PAPILLON study.
The EMA had granted conditional marketing authorization to Rybrevant in December 2021 for patients with locally advanced or metastatic NSCLC with EGFR exon 20 insertion mutations whose disease progressed after platinum-based chemotherapy.
A supplemental biologics license application (sBLA) seeking approval from the FDA for a similar first-line use of Rybrevant in NSCLC is also under review in the United States. Currently, Rybrevant is approved for patients with locally advanced or metastatic NSCLC with EGFR exon 20 insertion mutations whose disease progressed on or after platinum-based chemotherapy in the United States.
J&J’s stock has declined 10.8% so far this year against an increase of 5.3% for the industry.
In July, J&J had announced positive top-line data from the PAPILLON study, which evaluated Rybrevant in combination with chemotherapy in patients with newly diagnosed advanced or metastatic NSCLC with EGFR exon 20 insertion mutations. The study met its primary endpoint. It showed a statistically significant and clinically meaningful improvement in progression-free survival (PFS) in the Rybrevant plus chemotherapy arm versus chemotherapy alone.
Last month, J&J announced positive top-line data from another study, MARIPOSA-2, evaluating Rybrevant plus chemotherapy with and without lazertinib versus chemotherapy alone in patients with EGFR-mutated NSCLC after disease progression on osimertinib. The study met its dual primary endpoint, resulting in statistically significant and clinically meaningful improvement in PFE versus chemotherapy alone in both experimental treatment arms. Regarding overall survival data, a planned interim analysis showed a trend favoring the Rybrevant and lazertinib combination compared to osimertinib.
Zacks Rank & Stocks to Consider
J&J currently has a Zacks Rank #4 (Sell).
Some top-ranked drug/biotech companies worth considering are Alpine Immune Sciences , Aurinia Pharmaceuticals (AUPH - Free Report) and Corcept Therapeutics (CORT - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 90 days, the consensus estimate for Alpine Immune Sciences’ 2023 loss has narrowed from $1.43 per share to $1.18 per share, while the same for 2024 has narrowed from $1.73 per share to $1.47 per share. Year to date, shares of Alpine Immune Sciences have rallied 65.8%.
ALPN’s earnings beat estimates in two of the trailing four quarters and missed the mark in the other two, delivering an average negative earnings surprise of 79.65%.
In the past 90 days, the loss per share estimate for Aurinia Pharmaceuticals for 2023 has narrowed from 71 cents per share to 58 cents per share, while that for 2024 has narrowed from 44 cents to 27 cents. Year to date, shares of Aurinia Pharmaceuticals have gained 68.9%.
Earnings of Aurinia Pharmaceuticals beat estimates in all the last four quarters, delivering an earnings surprise of 45.61% on average.
In the past 90 days, the Zacks Consensus Estimate for Corcept’s earnings has increased from 62 cents per share to 78 cents for 2023. The bottom-line estimate has also improved from 61 cents to 83 cents for 2024 during the same time frame. Shares of the company have rallied 30.0% year to date.
CORT’s earnings beat estimates in two of the trailing four quarters and missed the mark in the other two, delivering an average earnings surprise of 6.99%.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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