Merck & Co Inc. (MRK - Free Report) announced that its partner, Samsung Bioepis Co., Ltd received FDA approval for Ontruzant, a biosimilar to Roche Holding AG's (RHHBY - Free Report) breast cancer treatment, Herceptin. Ontruzant is approved for the treatment of patients with HER2-overexpressing breast cancer, metastatic breast cancer and metastatic gastric cancer or gastroesophageal junction adenocarcinoma in patients who have not received prior treatment for metastatic disease.
Ontruzant is Samsung Bioepis’ first oncology biosimilar to receive FDA approval and will be marketed and distributed in the United States by Merck. Ontruzant was also approved by the European Commission (EC) in November 2017.
Shares of Merck have increased 27.7% in the past year compared with the industry’s growth of 2.5%.
We remind investors that last month, the FDA approved Herzuma, which is another biosimilar of Herceptin for the treatment of patients with HER2-overexpressing breast cancer. Herzuma is co-developed by Celltrion and Teva Pharmaceutical Industries (TEVA - Free Report) .
Merck is looking toward biosimilars to drive long-term growth. The biosimilars market represents huge commercial opportunity. Merck has an agreement with Samsung Bioepis for the development and commercialization of several pre-specified and undisclosed biosimilar candidates.
The companies received a tentative U.S. approval for the biosimilar version of Sanofi’s (SNY - Free Report) Lantus (MK-1293) in July 2017. The Lantus biosimilar is already approved in the EU. Meanwhile, the companies launched a biosimilar version of blockbuster RA drug, Remicade in the United States in July 2017.
Zacks Rank
Merck currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
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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.
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Merck & Co Inc. (MRK - Free Report) announced that its partner, Samsung Bioepis Co., Ltd received FDA approval for Ontruzant, a biosimilar to Roche Holding AG's (RHHBY - Free Report) breast cancer treatment, Herceptin. Ontruzant is approved for the treatment of patients with HER2-overexpressing breast cancer, metastatic breast cancer and metastatic gastric cancer or gastroesophageal junction adenocarcinoma in patients who have not received prior treatment for metastatic disease.
Ontruzant is Samsung Bioepis’ first oncology biosimilar to receive FDA approval and will be marketed and distributed in the United States by Merck. Ontruzant was also approved by the European Commission (EC) in November 2017.
Shares of Merck have increased 27.7% in the past year compared with the industry’s growth of 2.5%.
We remind investors that last month, the FDA approved Herzuma, which is another biosimilar of Herceptin for the treatment of patients with HER2-overexpressing breast cancer. Herzuma is co-developed by Celltrion and Teva Pharmaceutical Industries (TEVA - Free Report) .
Merck is looking toward biosimilars to drive long-term growth. The biosimilars market represents huge commercial opportunity. Merck has an agreement with Samsung Bioepis for the development and commercialization of several pre-specified and undisclosed biosimilar candidates.
The companies received a tentative U.S. approval for the biosimilar version of Sanofi’s (SNY - Free Report) Lantus (MK-1293) in July 2017. The Lantus biosimilar is already approved in the EU. Meanwhile, the companies launched a biosimilar version of blockbuster RA drug, Remicade in the United States in July 2017.
Zacks Rank
Merck currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year? Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity.
In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>
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 >>
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