For Immediate Release
Chicago, IL – October 9, 2012 – 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 GlaxoSmithKline (GSK - Free Report) , Pfizer (PFE - Free Report) , Theravance Inc. , Amicus Therapeutics (FOLD - Free Report) and Parker-Hannifin Corporation (PH - Free Report) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: https://at.zacks.com/?id=5513
Here are highlights from Monday’s Analyst Blog:
Encouraging Data on Glaxo Drug
GlaxoSmithKline (GSK - Free Report) recently presented positive data on its oncology drug, Votrient (pazopanib) from a pivotal phase III study. The phase III study COMPARZ (COMParing the efficacy, sAfety and toleRability of paZopanib vs. sunitinib) evaluated the use of Votrient versus Pfizer’s (PFE - Free Report) Sutent (sunitinib) in patients with advanced renal cell carcinoma.
The open-label, head-to-head, randomized study enrolled 1,110 patients. Votrient was found to be non-inferior compared to Sutent in terms of progression free survival (PFS). Median PFS was 8.4 months and 9.5 months in the Votrient and Sutent arms, respectively. Votrient demonstrated an objective response rate (ORR) of 31%, while ORR was 25% in the Sutent arm.
Votrient is currently marketed worldwide for the treatment of patients with advanced renal cell carcinoma. On April 26, 2012, the FDA approved Votrient for the treatment of patients with advanced soft tissue sarcoma who have received prior chemotherapy. On August 7, 2012, Votrient received approval from the European Commission for use in advanced soft tissue sarcoma patients, who have received prior chemotherapy or have progressed within a year after neo adjuvant treatment.
In the second quarter of 2012, Glaxo reported that Votrient sales increased 77% to £39 million. In the US, Votrient sales went up 67%, benefiting from the label expansion.
We currently have a Neutral recommendation on Glaxo. The stock carries a Zacks #3 Rank (Hold rating) in the short run.
Several products in Glaxo’s portfolio including Valtrex, Arixtra, Evoclin, Lamictal, Imitrex, Requip, Combivir and Epivir are facing declining sales due to intense generic competition. We expect the company's top line and gross margins to remain under pressure in the coming quarters. The EU pricing pressure will continue to affect sales.
Glaxo is looking towards deals and acquisitions to drive growth. The company is focusing on increasing the rights on its partnered products and promising pipeline candidates, so that it stands to benefit more from their success.
Glaxo’s acquisition of Cellzome and Human Genome Sciences and increasing investment in Theravance Inc. and Amicus Therapeutics (FOLD - Free Report) indicate its efforts to expand the pipeline.
Apart from this, Glaxo continues to make progress with its cost-cutting initiative, which should help reduce the impact of increasing generic competition over the next few years and help earnings grow.
Parker-Hannifin Acquiring Velcon
Parker-Hannifin Corporation (PH - Free Report) is planning to expand its Filtration Group through the acquisition of Velcon Filters, LLC, from The Sterling Group LP, a private equity firm. The acquisition of the maker of filtration equipment and replacement cartridges is subject to regulatory approval. Further, the terms of the deal were not disclosed.
Velcon’s products are primarily used in the aviation, industrial fuel, and industrial process filtration markets. It operates globally with approximately 300 employees. Further, Velcon’s revenue for year-end August 31, 2012, amounted to $115 million, of which 33% was from the Industrial North American segment and 67% from the Industrial International segment.
Velcon’s aviation product offerings, sold under the brand names of Velcon and Warner Lewis, are renowned worldwide. The addition ofVelcon Filters’ brands to Parker’s portfolio will enable Parker to attain a leadership position in the aviation and industrial fuel filtration markets. Further, the addition of the Twin Filter brand will strengthen its position in the process filtration markets such as oil and gas. These additions expand Parker’s customer base and also its operating regions and markets.
Parker-Hannifin Corporation is a leading worldwide full-line diversified manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components. In addition to motion and control products, the company is also a leading worldwide producer of fluid purification, fluid and fuel control, process instrumentation, air conditioning, refrigeration, electromagnetic shielding and thermal management products and systems.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: https://at.zacks.com/?id=5515.
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.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: https://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at https://at.zacks.com/?id=5518.
Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339