The Zacks Analyst Blog Highlights: Biogen, Vertex, Amgen, Alexion And Achillion Pharmaceuticals
Zacks Investment Research | Oct 23, 2019 11:09PM ET
For Immediate Release
Chicago, IL – October 24, 2019 – 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 (NASDAQ:BIIB) , Vertex (NASDAQ:VRTX) , Amgen (NASDAQ:AMGN) , Alexion (NASDAQ:ALXN) and Achillion Pharmaceuticals, Inc. (NASDAQ:ACHN) .
Here are highlights from Wednesday’s Analyst Blog:
Biotech Stock Roundup: Biogen’s (BIIB) Big Jump, & More
It was a busy week for the biotech sector with updates from quite a few bigwigs. Biogen topped third-quarter estimates and reported positive data on AD drug. Vertex got FDA approval for a new CF medicine, while Amgen got a positive opinion for Evenity. Further, Alexion is set to buy a clinical-stage biopharmaceutical company to broaden its PNH portfolio.
Recap of the Week’s Most Important Stories:
Biogen Up on Positive AD Drug Data, Beats on Q3 Earnings: Shares of Biogen surged significantly after it announced new data on aducanumab in patients with early Alzheimer’s disease (AD). The company released results from a new analysis of a larger dataset of the discontinued ENGAGE and EMERGE phase III studies on aducanumab in patients with early AD. This analysis was conducted in consultation with the FDA. Biogen and Japanese partner Eisai had discontinued ENGAGE and EMERGE studies, following a futility analysis. Nevertheless, the new data showed that aducanumab reduced clinical decline of Alzheimer’s disease in such patients as measured by the pre-specified primary and secondary endpoints. Based on this data, the company plans to submit a biologics license application seeking approval of the drug to the FDA in early 2020.
Concurrently, the company also Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.