Search This Blog

Friday, November 1, 2019

BioCryst commences early-stage study of BCX9250

BioCryst Pharmaceuticals (NASDAQ:BCRX) launches a Phase 1 clinical trial evaluating single and multiple ascending doses of BCX9250, an oral activin receptor-like kinase-2 (ALK-2) inhibitor, in healthy volunteers. Results should be available in H2 2020.
The company is developing the candidate for the treatment of a rare inherited disorder called fibrodysplasia ossificans progressiva in which muscle and connective tissue are gradually replaced by bone resulting in restricted movement.

AbbVie Q3 sales up 3%; Humira sales down 4%

AbbVie (ABBVQ3 results: Revenues: $8,479M (+3.0%); Immunology: $5,041M (-1.6%); Hematologic Oncology: $1,478M (+38.3%); HCV: $698M (-19%).
Net Income: $1,884M (-31.4%); EPS: $1.26 (-30.4%); non-GAAP Net Income: $3,468M (+6.5%); non-GAAP EPS: $2.33 (+8.9%).
Key product sales: Humira: $4,936M (-3.7%); Imbruvica: $1,257M (+29.3%); Mavyret: $695M (-17.1%); Venclexta: $221M; Skyrizi: $91M.
2019 guidance: EPS: $5.08 – 5.10 from $5.69 – 5.79; non-GAAP EPS: $8.90 – 8.92 from $8.82 – 8.92.

AbbVie EPS beats by $0.03, beats on revenue

AbbVie (NYSE:ABBV): Q3 Non-GAAP EPS of $2.33 beats by $0.03; GAAP EPS of $1.26 misses by $0.69.
Revenue of $8.48B (+2.9% Y/Y) beats by $110M.
Shares +0.57% PM.

Dr. Reddy’s EPS of $0.93

Dr. Reddy’s (NYSE:RDY): Q2 EPS of $0.93 may not be comparable to consensus of $0.49.
Revenue of $680M (+26.4% Y/Y) beats by $83.43M.
Shares down 1% in India.

Paratek off amid top-line omadacycline data

Paratek Pharmaceuticals (NASDAQ:PRTK) is off 3.7% postmarket after its top-line results from an omadacycline study suggests more studies are needed.
The company announced the outcome of two exploratory Phase 2 clinical studies evaluating efficacy and safety of its modernized tetracycline omadacycline in patients with two common forms of urinary tract infections.
In both studies, omadacycline showed generally comparable levels of clinical success to either nitrofurantoin or levofloxacin, the company says. “However, the microbiological responses were generally lower than the comparators.”
“Due to the exploratory intent and small numbers of subjects enrolled in each dose in these phase 2 studies, the Company has identified dose regimens that require additional investigation before determining any future development plans for these indications,” Paratek says. “Additional analyses are ongoing including pathogen-specific level efficacy and relationships of both clinical and microbiological responses to urinary pharmacokinetic data.”

Novo Nordisk’s third-quarter operating profit slightly lags forecast

 Novo Nordisk posted third-quarter operating profit a touch below expectations on Friday but nudged up its sales outlook for this year on the back of its new drugs for type 2 diabetes and obesity.

The world’s largest maker of diabetes drugs posted a quarterly operating profit of 12.9 billion Danish crowns ($1.93 billion), slightly below an average 13.1 billion crowns forecast in a Refinitiv poll of analysts.

Novartis Cosentyx Encouraging Results v Humira In Psoriatic Arthritis Trial

-- Cosentyx narrowly missed statistical significance for superiority in ACR 
      20, the primary endpoint of the EXCEED trial, while showing numerically 
      higher results versus Humira(R)*[1] 
 
   -- Statistically significant advantages of Cosentyx versus Humira(R)* in 
      psoriatic arthritis (PsA)-specific endpoints were observed in a 
      pre-specified sensitivity analysis[1] 
 
   -- EXCEED underscores Novartis commitment in rheumatology as first 
      double-blinded monotherapy head-to-head trial with a primary endpoint 
      specific to joints in PsA[1]

https://www.marketscreener.com/NOVARTIS-9364983/news/NOVARTIS-CHF0-50-REGD-Novartis-Cosentyx-R-Shows-Encouraging-Results-Versus-Humira-R-From-First-29496010/