OPKO Health, Inc.(OPK - Free Report) announced the launch of its kidney drug Rayaldee (calcifediol). The company said it will begin shipping of the drug to distributors in the United States on Nov 29, 2016. Rayaldee extended release capsules were approved by the FDA in June this year for treating secondary hyperparathyroidism (SHPT) in patients above 18 years with stage III or IV chronic kidney disease (CKD). The product will be available nationwide at retail pharmacies from Nov 30.
Rayaldee was introduced to nephrologists at the American Society of Nephrology (ASN) Kidney Week Meeting held last week in Chicago. Rayaldee is the first product developed by OPKO Health. The product has side effects like anemia, nasopharyngitis, increased blood creatinine, dyspnea, cough, congestive heart failure and constipation. However, this launch is expected to immensely help patients with CKD.
OPKO Health is a Zacks Rank #3 (Hold) stock. Some better-ranked stocks in the healthcare sector include Heska Corporation (HSKA - Free Report) , Arbutus Biopharma Corporation (ABUS - Free Report) and Anika Therapeutics Inc. (ANIK - Free Report) . Heska sports a Zacks Rank #1 (Strong Buy) while Arbutus and Anika carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Heska’s earnings estimates increased from $1.13 per share to $1.35 for 2016 and from $1.38 per share to $1.53 for 2017, over the last 60 days. The company posted positive surprises in each of the four trailing quarters, with an average beat of 301.64%. Share price has increased 93.31% year to date for the company.
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