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.
The Zacks Analyst Blog Highlights: Illumina, Athersys, EyePoint Pharmaceuticals, Rhythm Pharmaceuticals and Ligand Pharmaceuticals
Read MoreHide Full Article
For Immediate Release
Chicago, IL – June 4, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Illumina, Inc. (ILMN - Free Report) , Athersys, Inc. , EyePoint Pharmaceuticals, Inc. (EYPT - Free Report) , Rhythm Pharmaceuticals, Inc. (RYTM - Free Report) and Ligand Pharmaceuticals Incorporated (LGND - Free Report) .
“Right To Try” Brings Good News for Biotech Sector: 5 Picks
After President Donald Trump successfully repealed and replaced the Obamacare Healthcare Bill or the Affordable Care Act last year, his focus shifted to the passage of the “Right To Try” bill this year. On May 30, the President signed the 'Right To Try' bill into a law. This law will help patients suffering from terminal diseases to undergo experimental treatments and use drugs that are not yet approved by the Food and Drug Administration (FDA).
The passage of this law is definitely good news for patients and is expected to benefit the biotech industry. Additionally, the World Health Organization (WHO) is now assessing the quality of bio-similar drugs, which will improve the quality parameter of these drugs and at the same time ensure hassle-free availability in the United States. This is why investing in biotech stocks with significant exposure in the U.S. market could be one of the most suitable investment options at present.
Trump Signs “Right To Try” Law
President Trump said that "it takes a long time" for a drug to get FDA approval and a terminally ill patient "don't have an abundance of time." Addressing this concern, Trump finally signed the “Right To Try” law on May, 30, which will help patients use experimental drugs that are not yet approved by the FDA. Additionally, Scott Gottlieb, commissioner of FDA said that the “Right to Try Act” will help “patients and families who are facing life-threatening diseases or conditions.”
A lot of arguments can be made on to what extent this law could actually benefit these terminally ill patients. The FDA’s job is to assess and certify a drug’s quality and safety. But in doing so, the FDA sometimes blocks a drug or adds so many regulations that either the consumer fails to afford it or sometimes the company stops its development altogether. In this respect, the passage of the “Right to Try” law is definitely a win for patients as it gives them the flexibility to choose their preferred mode of medical treatment.
WHO To Assess Bio-Similar Drugs
Drugs for serious diseases like cancer, leukemia and AIDs are comparatively expensive. However, cheaper copies of such drugs — known as bio-similars — are now circulating in global markets. According to Emer Cook, Head of Regulation of Medicines and other Health Technologies, WHO, these bio-similar drugs have become an “important part of the treatment armamentarium for many countries, including low- and middle-income countries.”
However, lack of proper regulation for these bio-similars outside the United States and European markets is a concern. In order to address this issue, WHO has decided to invite drug-making companies in June to provide a report on their various bio-similar drugs. It is essential to check these bio-similars to determine whether these drugs have the same beneficial result like the original.
Our Choices
The passage of the “Right To Try” law is expected to ease medical treatments for patients suffering from terminal diseases. Additionally, WHO’s focus on assessing the quality of bio-similar drugs will improve the safety factor of these drugs and in turn benefit the biotech market.
In this context, we have selected five biotech stocks that are expected to gain following these developments. These stocks also flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Illumina, Inc. is a provider of sequencing and array-based solutions for genetic analysis.
This San Diego-based company has expected earnings growth of 21.5% for the current year. The Zacks Consensus Estimate for the current year has improved 0.6% over the last 30 days. Illumina has gained 21.6% so far this year. The stock sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Athersys, Inc. is a biotechnology company that focused on the research and development activities in the field of regenerative medicine.
This Cleveland-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 17.24%. The Zacks Consensus Estimate for the current year has improved 29.4% over the last 30 days. Athersys has gained 34.8% year to date.
EyePoint Pharmaceuticals, Inc. is a specialty biopharmaceutical company engaged in developing and commercializing ophthalmic products.
This Watertown-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 7.69%. The Zacks Consensus Estimate for the current year has improved 4% over the last 30 days. EyePoint Pharmaceuticals has gained 77.9% so far this year.
Rhythm Pharmaceuticals, Inc. is a biopharmaceutical company that develops peptide therapeutics for the treatment of rare genetic disorders of obesity.
This Boston-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 35%. The Zacks Consensus Estimate for the current year has improved 22.7% over the last 30 days. Rhythm Pharmaceuticals has gained 9.5% year to date.
Ligand Pharmaceuticals Incorporated is a biopharmaceutical company focused on developing technologies that help pharmaceutical companies to discover and develop medicines.
This San Diego-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 33.90%. The Zacks Consensus Estimate for the current year has improved 6.9% over the last 30 days. Ligand Pharmaceuticals has gained 38.7% so far this year.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: Illumina, Athersys, EyePoint Pharmaceuticals, Rhythm Pharmaceuticals and Ligand Pharmaceuticals
For Immediate Release
Chicago, IL – June 4, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Illumina, Inc. (ILMN - Free Report) , Athersys, Inc. , EyePoint Pharmaceuticals, Inc. (EYPT - Free Report) , Rhythm Pharmaceuticals, Inc. (RYTM - Free Report) and Ligand Pharmaceuticals Incorporated (LGND - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Friday’s Analyst Blog:
“Right To Try” Brings Good News for Biotech Sector: 5 Picks
After President Donald Trump successfully repealed and replaced the Obamacare Healthcare Bill or the Affordable Care Act last year, his focus shifted to the passage of the “Right To Try” bill this year. On May 30, the President signed the 'Right To Try' bill into a law. This law will help patients suffering from terminal diseases to undergo experimental treatments and use drugs that are not yet approved by the Food and Drug Administration (FDA).
The passage of this law is definitely good news for patients and is expected to benefit the biotech industry. Additionally, the World Health Organization (WHO) is now assessing the quality of bio-similar drugs, which will improve the quality parameter of these drugs and at the same time ensure hassle-free availability in the United States. This is why investing in biotech stocks with significant exposure in the U.S. market could be one of the most suitable investment options at present.
Trump Signs “Right To Try” Law
President Trump said that "it takes a long time" for a drug to get FDA approval and a terminally ill patient "don't have an abundance of time." Addressing this concern, Trump finally signed the “Right To Try” law on May, 30, which will help patients use experimental drugs that are not yet approved by the FDA. Additionally, Scott Gottlieb, commissioner of FDA said that the “Right to Try Act” will help “patients and families who are facing life-threatening diseases or conditions.”
A lot of arguments can be made on to what extent this law could actually benefit these terminally ill patients. The FDA’s job is to assess and certify a drug’s quality and safety. But in doing so, the FDA sometimes blocks a drug or adds so many regulations that either the consumer fails to afford it or sometimes the company stops its development altogether. In this respect, the passage of the “Right to Try” law is definitely a win for patients as it gives them the flexibility to choose their preferred mode of medical treatment.
WHO To Assess Bio-Similar Drugs
Drugs for serious diseases like cancer, leukemia and AIDs are comparatively expensive. However, cheaper copies of such drugs — known as bio-similars — are now circulating in global markets. According to Emer Cook, Head of Regulation of Medicines and other Health Technologies, WHO, these bio-similar drugs have become an “important part of the treatment armamentarium for many countries, including low- and middle-income countries.”
However, lack of proper regulation for these bio-similars outside the United States and European markets is a concern. In order to address this issue, WHO has decided to invite drug-making companies in June to provide a report on their various bio-similar drugs. It is essential to check these bio-similars to determine whether these drugs have the same beneficial result like the original.
Our Choices
The passage of the “Right To Try” law is expected to ease medical treatments for patients suffering from terminal diseases. Additionally, WHO’s focus on assessing the quality of bio-similar drugs will improve the safety factor of these drugs and in turn benefit the biotech market.
In this context, we have selected five biotech stocks that are expected to gain following these developments. These stocks also flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Illumina, Inc. is a provider of sequencing and array-based solutions for genetic analysis.
This San Diego-based company has expected earnings growth of 21.5% for the current year. The Zacks Consensus Estimate for the current year has improved 0.6% over the last 30 days. Illumina has gained 21.6% so far this year. The stock sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Athersys, Inc. is a biotechnology company that focused on the research and development activities in the field of regenerative medicine.
This Cleveland-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 17.24%. The Zacks Consensus Estimate for the current year has improved 29.4% over the last 30 days. Athersys has gained 34.8% year to date.
EyePoint Pharmaceuticals, Inc. is a specialty biopharmaceutical company engaged in developing and commercializing ophthalmic products.
This Watertown-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 7.69%. The Zacks Consensus Estimate for the current year has improved 4% over the last 30 days. EyePoint Pharmaceuticals has gained 77.9% so far this year.
Rhythm Pharmaceuticals, Inc. is a biopharmaceutical company that develops peptide therapeutics for the treatment of rare genetic disorders of obesity.
This Boston-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 35%. The Zacks Consensus Estimate for the current year has improved 22.7% over the last 30 days. Rhythm Pharmaceuticals has gained 9.5% year to date.
Ligand Pharmaceuticals Incorporated is a biopharmaceutical company focused on developing technologies that help pharmaceutical companies to discover and develop medicines.
This San Diego-based company has a Zacks Rank #2. The expected earnings growth rate for the current year is 33.90%. The Zacks Consensus Estimate for the current year has improved 6.9% over the last 30 days. Ligand Pharmaceuticals has gained 38.7% so far this year.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com/
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.