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.
Endo Recalls 2 Lots of Robaxin Tablets Due to Labeling Error
Read MoreHide Full Article
Endo International plc announced the recall of two lots of its muscle relaxant drug, Robaxin 750mg Tablets 100 Count Bottle pack due to incorrect labeling of daily dosing information. The label on the products states a daily dose of "two to four tablets four times daily" instead of the correct dosage of "two tablets three times daily."
The drug is available as an adjunct therapy to rest, physical therapy and other measures to relieve patients of discomfort associated with acute, painful musculoskeletal conditions.
The company stated that incorrect dosage information can cause significant drowsiness or dizziness or an overdose leading to seizures, coma, or death. However, the company has not received any adverse report to date.
The two lots, which were recalled, include 216702P1, Expiration Date: September 2020 and 220409P1, Expiration Date: January 2021.
Endo’s stock has gained 117.2% in the year so far compared with the industry’s 4.3% rise.
The company is focused on redefining its business as its generic division is facing challenges and persistent decline in sales, which is expected to continue for the rest of 2018. Moreover, the withdrawal of Opana ER on FDA’s request is also hurting sales of the U.S. Branded Pharmaceuticals unit
However, the company’s flagship product, Xiaflex, has shown strong growth and Endo remains committed to expand the label of the drug. The company’s sterile injectables business is also performing well on the back of strong demand for Adrenalin. The segment holds potential to become Endo’s core business.
The company raised its annual guidance for earnings as well as revenues on its second-quarter earnings call. However, the company will take time to counter its generic division woes and a turnaround should take time.
Endo currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks from the pharma space are BioSpecifics Technologies Corp , Champions Oncology, Inc. (CSBR - Free Report) and Akebia Therapeutics, Inc. (AKBA - Free Report) . While BioSpecifics and Champions Oncology sport a Zacks Rank #1 (Strong Buy), Akebia carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BioSpecifics’ earnings per share estimates have increased from $2.09 to $2.28 for 2018 and from $2.13 to $2.38 for 2019 over the past 60 days. The company delivered a positive earnings surprise in three of the trailing four quarters with an average beat of 11.37%. The stock has rallied 35% so far this year.
Champions Oncology’s earnings per share estimates have moved up from 5 cents to 17 cents for 2018 and from 20 cents to 25 cents for 2019 over the past 30 days. The company delivered an average beat of 200%. The stock has rallied 350.3% so far this year.
Akebia’s loss per share estimates have narrowed from $2.77 to $2.70 for 2018 and from $3.02 to $2.85 for 2019 over the past 30 days. The company delivered a positive earnings surprise in three of the trailing four quarters with an average beat of 66.56%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Endo Recalls 2 Lots of Robaxin Tablets Due to Labeling Error
Endo International plc announced the recall of two lots of its muscle relaxant drug, Robaxin 750mg Tablets 100 Count Bottle pack due to incorrect labeling of daily dosing information. The label on the products states a daily dose of "two to four tablets four times daily" instead of the correct dosage of "two tablets three times daily."
The drug is available as an adjunct therapy to rest, physical therapy and other measures to relieve patients of discomfort associated with acute, painful musculoskeletal conditions.
The company stated that incorrect dosage information can cause significant drowsiness or dizziness or an overdose leading to seizures, coma, or death. However, the company has not received any adverse report to date.
The two lots, which were recalled, include 216702P1, Expiration Date: September 2020 and 220409P1, Expiration Date: January 2021.
Endo’s stock has gained 117.2% in the year so far compared with the industry’s 4.3% rise.
The company is focused on redefining its business as its generic division is facing challenges and persistent decline in sales, which is expected to continue for the rest of 2018. Moreover, the withdrawal of Opana ER on FDA’s request is also hurting sales of the U.S. Branded Pharmaceuticals unit
However, the company’s flagship product, Xiaflex, has shown strong growth and Endo remains committed to expand the label of the drug. The company’s sterile injectables business is also performing well on the back of strong demand for Adrenalin. The segment holds potential to become Endo’s core business.
The company raised its annual guidance for earnings as well as revenues on its second-quarter earnings call. However, the company will take time to counter its generic division woes and a turnaround should take time.
Endo International plc Price
Endo International plc Price | Endo International plc Quote
Zacks Rank & Key Picks
Endo currently carries a Zacks Rank #2 (Buy). Some other top-ranked stocks from the pharma space are BioSpecifics Technologies Corp , Champions Oncology, Inc. (CSBR - Free Report) and Akebia Therapeutics, Inc. (AKBA - Free Report) . While BioSpecifics and Champions Oncology sport a Zacks Rank #1 (Strong Buy), Akebia carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BioSpecifics’ earnings per share estimates have increased from $2.09 to $2.28 for 2018 and from $2.13 to $2.38 for 2019 over the past 60 days. The company delivered a positive earnings surprise in three of the trailing four quarters with an average beat of 11.37%. The stock has rallied 35% so far this year.
Champions Oncology’s earnings per share estimates have moved up from 5 cents to 17 cents for 2018 and from 20 cents to 25 cents for 2019 over the past 30 days. The company delivered an average beat of 200%. The stock has rallied 350.3% so far this year.
Akebia’s loss per share estimates have narrowed from $2.77 to $2.70 for 2018 and from $3.02 to $2.85 for 2019 over the past 30 days. The company delivered a positive earnings surprise in three of the trailing four quarters with an average beat of 66.56%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>