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.
Novo Nordisk's (NVO) Drug Gets FDA Approval for Hemophilia B
Read MoreHide Full Article
Novo Nordisk (NVO - Free Report) announced that the FDA has approved the Biologics License Application (BLA) for Rebinyn (Coagulation Factor IX (Recombinant), GlycoPEGylated) for the treatment of adults and children with hemophilia B.
Novo Nordisk’s share price shows that the company has outperformed the Zacks classified Large Cap Pharmaceuticals industry year to date. The stock rallied 18.2% compared with the industry’s gain of 10.2%.
We note Rebinyn is the brand name for nonacog beta pegol, N9-GP. It The evaluation was based on the results from the paradigm clinical trial program where 115 previously treated children and adults with haemophilia B were treated with Rebinyn, and the approval follows the Blood Products Advisory Committee meeting held on April 4, 2017.
In Mar 2017, the company received a positive opinion from the European authorities on the use of Refixia, the brand name for N9-GP in Europe, recommending marketing authorization for the treatment of adolescents and adults with hemophilia B. The approval should boost the revenues of the company.
We remind investors that in Apr 2017, Roche Holding AG’s (RHHBY - Free Report) unit Genentech announced positive interim results from the Phase III HAVEN 2 study evaluating its pipeline candidate emicizumab. Emicizumab is being evaluated in children less than 12 years of age with hemophilia A and inhibitors to factor VIII. The study revealed that emicizumab reduced the number of bleeds in children with hemophilia A and inhibitors to factor VIII after 12 weeks of treatment over time.
Novo Nordisk carries a Zacks Rank#3 Hold). Some better ranked stocks in the health care sector include VIVUS, Inc. and MEI Pharma, Inc. (MEIP - Free Report) . Both VIVUS and MEI Pharma sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
VIVUS’ loss per share estimates narrowed from 50 cents to 39 cents for 2017 over the last 30 days. The company posted positive earnings surprises in all of the four trailing quarters, with an average beat of 233.69%.
MEI Pharma’s estimates narrowed from loss per share of 1 cent to gain per share of 1 cent for 2017 over the last 30 days. The company posted positive earnings surprises in three of the four trailing quarters, with an average beat of 66.56%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think. See This Ticker Free >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Novo Nordisk's (NVO) Drug Gets FDA Approval for Hemophilia B
Novo Nordisk (NVO - Free Report) announced that the FDA has approved the Biologics License Application (BLA) for Rebinyn (Coagulation Factor IX (Recombinant), GlycoPEGylated) for the treatment of adults and children with hemophilia B.
Novo Nordisk’s share price shows that the company has outperformed the Zacks classified Large Cap Pharmaceuticals industry year to date. The stock rallied 18.2% compared with the industry’s gain of 10.2%.
We note Rebinyn is the brand name for nonacog beta pegol, N9-GP. It The evaluation was based on the results from the paradigm clinical trial program where 115 previously treated children and adults with haemophilia B were treated with Rebinyn, and the approval follows the Blood Products Advisory Committee meeting held on April 4, 2017.
In Mar 2017, the company received a positive opinion from the European authorities on the use of Refixia, the brand name for N9-GP in Europe, recommending marketing authorization for the treatment of adolescents and adults with hemophilia B. The approval should boost the revenues of the company.
We remind investors that in Apr 2017, Roche Holding AG’s (RHHBY - Free Report) unit Genentech announced positive interim results from the Phase III HAVEN 2 study evaluating its pipeline candidate emicizumab. Emicizumab is being evaluated in children less than 12 years of age with hemophilia A and inhibitors to factor VIII. The study revealed that emicizumab reduced the number of bleeds in children with hemophilia A and inhibitors to factor VIII after 12 weeks of treatment over time.
Novo Nordisk A/S Price
Novo Nordisk A/S Price | Novo Nordisk A/S Quote
Zacks Rank and Key Picks
Novo Nordisk carries a Zacks Rank#3 Hold). Some better ranked stocks in the health care sector include VIVUS, Inc. and MEI Pharma, Inc. (MEIP - Free Report) . Both VIVUS and MEI Pharma sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
VIVUS’ loss per share estimates narrowed from 50 cents to 39 cents for 2017 over the last 30 days. The company posted positive earnings surprises in all of the four trailing quarters, with an average beat of 233.69%.
MEI Pharma’s estimates narrowed from loss per share of 1 cent to gain per share of 1 cent for 2017 over the last 30 days. The company posted positive earnings surprises in three of the four trailing quarters, with an average beat of 66.56%.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. It's not the one you think. See This Ticker Free >>