We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Novartis Starts Trial on Psoriasis Drug Cosentyx Biosoimilar
Read MoreHide Full Article
Novartis AG (NVS - Free Report) initiated a head-to-head trial, SURPASS, on psoriasis drug, Cosentyx. The drug will be compared to its proposed biosimilar for the treatment of ankylosing spondylitis (AS).
The trial is the first head-to-head clinical trial in AS investigating superiority of Cosentyx in slowing spinal bone damage compared with proposed biosimilar adalimumab.
We note that SURPASS and EXCEED are part of a larger rheumatology program for Cosentyx. In the head-to-head EXCEED trial, Cosentyx is being compared to AbbVie, Inc.’s (ABBV - Free Report) Humira in psoriatic arthritis (PsA). This trial is currently recruiting patients.
The trial is the first large double-blinded head-to-head clinical trial versus Humira in PsA investigating superiority of Cosentyx on ACR 20 at 52 weeks as the primary endpoint.
Novartis’ stock have rallied 22.4% over a year compared with the industry’s 22% gain.
Cosentyx is the first targeted biologic that specifically inhibits IL-17A, cornerstone cytokine involved in the inflammation of entheses in spondyloarthritis, which plays a major role in PsA and AS.
The drug was approved for the treatment of active AS and PsA. The drug was approved for the treatment of moderate-to-severe plaque psoriasis.
The uptake of Cosentyx has been strong and the company has grabbed market shares from rivals, Humira and and Amgen, Inc.‘s (AMGN - Free Report) Enbrel. Cosentyx achieved blockbuster status in 2016 recording over $1 billion of sales. Novartis expects $2 billion of sales from Cosentyx in 2017.
We note that Novartis has a strong oncology portfolio. The company’s breast cancer portfolio includes drugs like Afinitor, Kisqali and Tykerb. Approval of new drugs and label expansion of existing drugs will further enhance its portfolio.
In March 2015, Novartis acquired certain oncology products and pipeline compounds from GlaxoSmithKline plc (GSK - Free Report) for $16 billion. In exchange, the company sold its non-influenza Vaccines business to Glaxo for $7.1 billion.
Meanwhile, Sandoz, the generic arm of Novartis, continues to advance its portfolio of biosimilars and generics.
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Novartis Starts Trial on Psoriasis Drug Cosentyx Biosoimilar
Novartis AG (NVS - Free Report) initiated a head-to-head trial, SURPASS, on psoriasis drug, Cosentyx. The drug will be compared to its proposed biosimilar for the treatment of ankylosing spondylitis (AS).
The trial is the first head-to-head clinical trial in AS investigating superiority of Cosentyx in slowing spinal bone damage compared with proposed biosimilar adalimumab.
We note that SURPASS and EXCEED are part of a larger rheumatology program for Cosentyx. In the head-to-head EXCEED trial, Cosentyx is being compared to AbbVie, Inc.’s (ABBV - Free Report) Humira in psoriatic arthritis (PsA). This trial is currently recruiting patients.
The trial is the first large double-blinded head-to-head clinical trial versus Humira in PsA investigating superiority of Cosentyx on ACR 20 at 52 weeks as the primary endpoint.
Novartis’ stock have rallied 22.4% over a year compared with the industry’s 22% gain.
Cosentyx is the first targeted biologic that specifically inhibits IL-17A, cornerstone cytokine involved in the inflammation of entheses in spondyloarthritis, which plays a major role in PsA and AS.
The drug was approved for the treatment of active AS and PsA. The drug was approved for the treatment of moderate-to-severe plaque psoriasis.
The uptake of Cosentyx has been strong and the company has grabbed market shares from rivals, Humira and and Amgen, Inc.‘s (AMGN - Free Report) Enbrel. Cosentyx achieved blockbuster status in 2016 recording over $1 billion of sales. Novartis expects $2 billion of sales from Cosentyx in 2017.
We note that Novartis has a strong oncology portfolio. The company’s breast cancer portfolio includes drugs like Afinitor, Kisqali and Tykerb. Approval of new drugs and label expansion of existing drugs will further enhance its portfolio.
In March 2015, Novartis acquired certain oncology products and pipeline compounds from GlaxoSmithKline plc (GSK - Free Report) for $16 billion. In exchange, the company sold its non-influenza Vaccines business to Glaxo for $7.1 billion.
Meanwhile, Sandoz, the generic arm of Novartis, continues to advance its portfolio of biosimilars and generics.
Zacks Rank
Novartis currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>