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Bayer Announced Positive Data for Cancer Drug Copanlisib
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Bayer Aktiengesellschaft (BAYRY - Free Report) announced positive data on its experimental candidate copanlisib.
Copanlisib is, an intravenous pan-class I phosphatidylinositol-3-kinase (PI3K) inhibitor with predominant inhibitory activity against PI3K-α and PI3K-δ isoforms.
The phase II study, CHRONOS-1, is evaluating patients suffering from relapsed or refractory indolent non-Hodgkin's lymphoma (iNHL).The study met its primary endpoint of a pre-specified objective response rate (ORR). According to the results that patient groups showed an ORR of 59.2%, with a 12% complete response (CR) rate and a median duration of response (DOR) of more than 98 weeks (687 days).
The results further showed that when intravenous copanlisib was administered at intervals then copanlisib achieved durable efficacy with a manageable safety profile. These data will be presented at the American Association for Cancer Research (AACR) 2017 Annual Meeting in Washington, D.C.
Bayer’s share price shows that the company has outperformed the Zacks classified Large Cap Pharmaceuticals industry year to date. The stock returned 10.5% compared with industry’s gain of 6%.
Per the European Society for Medical Oncology (ESMO) guidelines, the inhibition of the PI3K pathway has proven to be an effective therapeutic strategy in treating indolent lymphomas, like follicular lymphoma (FL). We note that Bayer is seeking accelerated approval of copanlisib for the treatment of relapsed or refractory FL who have received at least two prior therapies and plans to submit a New Drug Application (NDA) to the FDA.
The company has been granted Fast Track Designation by the FDA for copanlisib for this indication. In addition, copanlisib was also granted Orphan Drug Designation (ODD) by the FDA Office of Orphan Products Development in the U.S. for the treatment of FL and for the treatment of splenic, nodal, and extranodal subtypes of marginal zone lymphoma (MZL).
Bayer currently carries a Zacks Rank #3 (Hold). Some other better-ranked stocks in the health care sector include Heska Corp. , Retrophin, Inc. and Galena Biopharma, Inc. . All the three companies carry a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Heska’s earnings estimates moved up from $1.53 to $1.65 for 2017 and from $1.80 to $2.01 for 2018, over the last 30 days. The company posted a positive earnings surprise in all of the last four quarters, with an average beat of 291.54%. Its share price increased 46.6% year to date.
Retrophin’s loss estimates narrowed from 85 cents to 72 cents for 2017 and from 67 cents to 53 cents for 2018, over the last 30 days. The company posted a positive earnings surprise in three of the four trailing quarters with an average beat of 80.55%.
Galena Biopharma‘s loss estimates narrowed from $2.53 to 58 cents for 2017 and from $1.95 to 73 cents for 2018, over the last 60 days. The company posted a positive earnings surprise in two of the four trailing quarters with an average beat of 53.83%.
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Bayer Announced Positive Data for Cancer Drug Copanlisib
Bayer Aktiengesellschaft (BAYRY - Free Report) announced positive data on its experimental candidate copanlisib.
Copanlisib is, an intravenous pan-class I phosphatidylinositol-3-kinase (PI3K) inhibitor with predominant inhibitory activity against PI3K-α and PI3K-δ isoforms.
The phase II study, CHRONOS-1, is evaluating patients suffering from relapsed or refractory indolent non-Hodgkin's lymphoma (iNHL).The study met its primary endpoint of a pre-specified objective response rate (ORR). According to the results that patient groups showed an ORR of 59.2%, with a 12% complete response (CR) rate and a median duration of response (DOR) of more than 98 weeks (687 days).
The results further showed that when intravenous copanlisib was administered at intervals then copanlisib achieved durable efficacy with a manageable safety profile. These data will be presented at the American Association for Cancer Research (AACR) 2017 Annual Meeting in Washington, D.C.
Bayer’s share price shows that the company has outperformed the Zacks classified Large Cap Pharmaceuticals industry year to date. The stock returned 10.5% compared with industry’s gain of 6%.
Per the European Society for Medical Oncology (ESMO) guidelines, the inhibition of the PI3K pathway has proven to be an effective therapeutic strategy in treating indolent lymphomas, like follicular lymphoma (FL). We note that Bayer is seeking accelerated approval of copanlisib for the treatment of relapsed or refractory FL who have received at least two prior therapies and plans to submit a New Drug Application (NDA) to the FDA.
The company has been granted Fast Track Designation by the FDA for copanlisib for this indication. In addition, copanlisib was also granted Orphan Drug Designation (ODD) by the FDA Office of Orphan Products Development in the U.S. for the treatment of FL and for the treatment of splenic, nodal, and extranodal subtypes of marginal zone lymphoma (MZL).
Bayer AG Price
Bayer AG Price | Bayer AG Quote
Zacks Rank & Stocks to Consider
Bayer currently carries a Zacks Rank #3 (Hold). Some other better-ranked stocks in the health care sector include Heska Corp. , Retrophin, Inc. and Galena Biopharma, Inc. . All the three companies carry a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Heska’s earnings estimates moved up from $1.53 to $1.65 for 2017 and from $1.80 to $2.01 for 2018, over the last 30 days. The company posted a positive earnings surprise in all of the last four quarters, with an average beat of 291.54%. Its share price increased 46.6% year to date.
Retrophin’s loss estimates narrowed from 85 cents to 72 cents for 2017 and from 67 cents to 53 cents for 2018, over the last 30 days. The company posted a positive earnings surprise in three of the four trailing quarters with an average beat of 80.55%.
Galena Biopharma‘s loss estimates narrowed from $2.53 to 58 cents for 2017 and from $1.95 to 73 cents for 2018, over the last 60 days. The company posted a positive earnings surprise in two of the four trailing quarters with an average beat of 53.83%.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>