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Thursday, November 5, 2020

AstraZeneca Q3 Lynparza sales +42%, Farxiga sales up 32%

  • AstraZeneca (NASDAQ:AZN) Q3 results:
  • Revenues: $6,578M (+3%); Product Sales: $6,520M (+6%); Collaboration Revenue: $258M (-79%).
  • Key product sales: Tagrisso: $1,155M (+30%); Imfinzi: $533M (+29%); Lynparza: $464M (+42%); Symbicort: $599M (-2%); Farxiga: $527M (+32%); Brilinta: $385M (-7%); Nexium: $409M (+7%); Crestor: $301M (-13%); Zoladex: $233M (+1%); Fasenra: $240M (+19%).
  • Diversified growth continued across therapy areas and geographically. However, China Pulmicort COVID-19 impact reduced the development.
  • Net Income: $651M (+132.5%); EPS: $0.49 (+113%); non-GAAP EPS: $0.94 (-4%).
  • CF Ops: $3,001M (+88.3%)
  • 2020 Guidance (at CER): Total revenue: growth increase by a high-single digit to a low-double digit percentage (unch); Core EPS: to increase by a mid- to high teens percentage (unch).
  • https://seekingalpha.com/news/3631829-astrazeneca-q3-lynparza-salesplus-42-farxiga-sales-up-32-guidance-reiterated

CIGNA EPS beats by $0.18, beats on revenue

Becton, Dickinson beat on Life Sciences revenue +31% driven by strong COVID-19 testing

Regeneron Pharma strong Q3 driven by robust Dupixent and Libtayo sales

  • Regeneron Pharmaceuticals (NASDAQ:REGN) Q3 results:
  • Revenues: $2,294M (+32%); Eylea total sales: $2,098.3M (+9%); Dupixent global net sales: $1,072.6M (+69%); Libtayo global sales: $96.1M (+87%); Praluent: $91.5M (+31%); Kevzara: $70M (+28%); REGN-COV2: $40.2M.
  • Net Income: $842M (+26%); EPS: $7.39 (+26%); non-GAAP Net Income: $961M (+26%); non-GAAP EPS: $8.36 (+25%).
  • Net cash used in operations (3 months): $254.3M.
  • The Company had robust top and bottom line growth driven by EYLEA in retinal diseases and Dupixent in atopic dermatitis and asthma.
  • In 2021, REGN looks forward to potential launches including PD-1 inhibitor Libtayo in non-small cell lung cancer and advanced basal cell carcinoma.
  • Lastly, Regeneron's novel antibody cocktail REGN-EB3 recently became the first FDA-approved treatment for Ebola.
  • https://seekingalpha.com/news/3631946-regeneron-pharma-posts-strong-q3-driven-robust-dupixent-and-libtayo-sales

Merck scoops up VelosBio for $2.75B

  • Merck (NYSE:MRK) strengthens its oncology pipeline, as it has agreed to acquire privately-held VelosBio for $2.75B.
  • VelosBio’s lead investigational candidate is VLS-101, an antibody-drug conjugate targeting ROR1, and is currently being evaluated in a Phase 1 and a Phase 2 trial for the treatment of patients with hematologic malignancies and solid tumors, respectively.
  • The deal is expected to close by end of this year.
  • https://seekingalpha.com/news/3631943-merck-scoops-up-velosbio-for-2_75b

Cardinal Health EPS beats by $0.37, beats on revenue

ANI Pharmaceuticals EPS beats by $0.09, beats on revenue