Pharma Stock Roundup: Pfizer Files Suit Against J&J, Supernus Hit By Study Update
Zacks Investment Research | Sep 22, 2017 08:42AM ET
Key highlights this week include a lawsuit filed by Pfizer (NYSE:PFE) accusing Johnson & Johnson (NYSE:JNJ) of adopting exclusionary contracts and other anticompetitive practices to prevent biosimilar uptake. Meanwhile, companies like GlaxoSmithKline (NYSE:GSK) and Supernus Pharmaceuticals (NASDAQ:SUPN) were in the news for regulatory/pipeline updates.
Recap of the Week’s Most Important Stories
Supernus Down on Study Update: Supernus provided an update on the first phase III study on SPN-810 which is being evaluated for the treatment of impulsive aggression (“IA”) in patients aged 6 to 12 years who have attention deficit hyperactivity disorder (“ADHD”). Based on a planned interim analysis, the company has decided to drop the lower dose of 18 mg from the study and patients will be randomized to receive either the 36 mg dose or placebo. Investors were disappointed by the update and shares were down 23.4% (Read more: the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .
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Large Cap Pharmaceuticals Industry 5YR % Return
What's Next in the Pharma World?
Watch out for the usual pipeline and regulatory updates. Bristol-Myers’s PD-1 inhibitor, Opdivo, is under priority review for use in patients with hepatocellular carcinoma (“HCC”) after prior treatment with Nexavar (sorafenib). The FDA is expected to give a response on Sep 24, 2017. Meanwhile, J&J is expecting a response from the FDA for its investigational rheumatoid arthritis (“RA”) treatment, Plivensia (sirukumab), an IL-6 inhibitor. However, with Plivensia failing to get the support of the FDA’s Arthritis Advisory Committee on safety concerns, it’s quite likely that the agency will ask for additional information before granting approval.
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