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: Biogen, Gilead Sciences, Regeneron Pharma, Bristol-Myers Squibb and Incyte
Read MoreHide Full Article
For Immediate Release
Chicago, IL – February 11, 2021 – 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: Biogen Inc. (BIIB - Free Report) , Gilead Sciences, Inc. (GILD - Free Report) , Regeneron Pharmaceuticals, Inc. (REGN - Free Report) , Bristol-Myers Squibb Company (BMY - Free Report) and Incyte Corporation (INCY - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Biotech Stock Roundup: Q4 Earnings Edition
A host of leading biotechs came up with earnings reports this week. New drug approvals, label expansions of the existing drugs, and other pipeline and regulatory updates grabbed the spotlight.
Recap of the Week’s Most Important Stories:
Earnings Updates From Biogen, Gilead Among others: Biotech giant Biogen missed on earnings in the fourth quarter but beat on sales. Revenues were, however, down year over year due to lower sales of the multiple sclerosis (MS) drug Tecfidera and the spinal muscular atrophy (SMA) drug Spinraza. Moreover, the guidance for 2021 was not impressive.
Gilead Sciences reported better-than-expected results for the fourth quarter of 2020 on increased demand for Veklury to treat COVID-19 patients. However, the core virology business continues to decline due to the coronavirus pandemic. Gilead expects a gradual recovery in the underlying market dynamics starting the second quarter of 2021.
Regeneron Pharmaceuticals reported better-than-expected results for the fourth quarter of 2020 wherein both earnings and sales beat estimates, driven by strong Dupixent growth, fueled by continued label expansions. Eylea too maintained a solid momentum despite the pandemic.
Bristol-Myers Squibbreported better-than-expected results for the fourth quarter of 2020 as its multiple myeloma (MM) drug Revlimid and the blood thinner Eliquis, drove growth. Another MM drug Pomalyst also led to this upside. Further, the company lifted its earnings guidance for 2021.
Incyte Corp.beat on sales and earnings in the fourth quarter as demand for Jakafi continues to boost sales. Moreover, the recent approval of Pemazyre, Monjuvi and Tabrecta generated additional revenues for the company.
Bristol-Myers’ CAR T Cell Therapy Gets FDA Nod: Bristol-Myers obtained an FDA approval for its CD19-directed chimeric antigen receptor (CAR) T cell therapy Breyanzi (lisocabtagene maraleucel; liso-cel) after a few delays. The therapy is approved for the treatment of adult patients with relapsed or refractory (R/R) large B-cell lymphoma (LBCL) after two or more lines of systemic therapy including diffuse large B-cell lymphoma (DLBCL) not otherwise specified (including DLBCL resulting from indolent lymphoma), high-grade B-cell lymphoma, primary mediastinal large B-cell lymphoma and follicular lymphoma grade 3B. The FDA nod for Breyanzi was based on data from the TRANSCEND NHL 001 (017001) study, in which 268 patients with R/R LBCL received Breyanzi.
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: Shutterstock
The Zacks Analyst Blog Highlights: Biogen, Gilead Sciences, Regeneron Pharma, Bristol-Myers Squibb and Incyte
For Immediate Release
Chicago, IL – February 11, 2021 – 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: Biogen Inc. (BIIB - Free Report) , Gilead Sciences, Inc. (GILD - Free Report) , Regeneron Pharmaceuticals, Inc. (REGN - Free Report) , Bristol-Myers Squibb Company (BMY - Free Report) and Incyte Corporation (INCY - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Biotech Stock Roundup: Q4 Earnings Edition
A host of leading biotechs came up with earnings reports this week. New drug approvals, label expansions of the existing drugs, and other pipeline and regulatory updates grabbed the spotlight.
Recap of the Week’s Most Important Stories:
Earnings Updates From Biogen, Gilead Among others: Biotech giant Biogen missed on earnings in the fourth quarter but beat on sales. Revenues were, however, down year over year due to lower sales of the multiple sclerosis (MS) drug Tecfidera and the spinal muscular atrophy (SMA) drug Spinraza. Moreover, the guidance for 2021 was not impressive.
Gilead Sciences reported better-than-expected results for the fourth quarter of 2020 on increased demand for Veklury to treat COVID-19 patients. However, the core virology business continues to decline due to the coronavirus pandemic. Gilead expects a gradual recovery in the underlying market dynamics starting the second quarter of 2021.
Regeneron Pharmaceuticals reported better-than-expected results for the fourth quarter of 2020 wherein both earnings and sales beat estimates, driven by strong Dupixent growth, fueled by continued label expansions. Eylea too maintained a solid momentum despite the pandemic.
Bristol-Myers Squibb reported better-than-expected results for the fourth quarter of 2020 as its multiple myeloma (MM) drug Revlimid and the blood thinner Eliquis, drove growth. Another MM drug Pomalyst also led to this upside. Further, the company lifted its earnings guidance for 2021.
Incyte Corp.beat on sales and earnings in the fourth quarter as demand for Jakafi continues to boost sales. Moreover, the recent approval of Pemazyre, Monjuvi and Tabrecta generated additional revenues for the company.
Incyte currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Bristol-Myers’ CAR T Cell Therapy Gets FDA Nod: Bristol-Myers obtained an FDA approval for its CD19-directed chimeric antigen receptor (CAR) T cell therapy Breyanzi (lisocabtagene maraleucel; liso-cel) after a few delays. The therapy is approved for the treatment of adult patients with relapsed or refractory (R/R) large B-cell lymphoma (LBCL) after two or more lines of systemic therapy including diffuse large B-cell lymphoma (DLBCL) not otherwise specified (including DLBCL resulting from indolent lymphoma), high-grade B-cell lymphoma, primary mediastinal large B-cell lymphoma and follicular lymphoma grade 3B. The FDA nod for Breyanzi was based on data from the TRANSCEND NHL 001 (017001) study, in which 268 patients with R/R LBCL received Breyanzi.
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.