Biotech Sector Growth Expected Upon Diminishing Concerns Over Drug Pricing
PALM BEACH, Florida, December 1, 2016 /PRNewswire/ --
As the political dust settles after the recent elections, biotech stocks and sector-related exchange traded funds could enjoy more favorable conditions under a Trump presidency. More and more analysts now believe the sector is rebounding on diminishing concerns over Hillary Clinton's critiques on the drug pricing and potential hit to profitability. Biotech stocks in focus this week include: Pfizer Inc. (NYSE: PFE), AzurRx BioPharma, Inc. (NASDAQ: AZRX), Novo Nordisk (NYSE: NVO), Champions Oncology, Inc. (NASDAQ: CSBR) and Genetic Technologies Limited (NASDAQ: GENE).
AzurRx BioPharma, Inc. (NASDAQ: AZRX), a company specializing in the development of non-systemic, recombinant therapies for gastrointestinal ("GI") diseases, announced today the release of a Company overview as presented by AzurRx's President & CEO, Thijs Spoor.
Mr. Spoor began the communication by stating, "This Company overview serves to provide shareholders with a perspective on AzurRx, its evolution and future potential. Let me begin with the fundamentals. We have a clear, focused plan for value creation, building our pipeline assets with a short-term, lower-risk development pathway, an experienced management team and first-class advisors.
We believe that our focus on non-systemic therapies represents a new frontier for developing therapies. Our pipeline, led by MS1819 and followed by AZX1101, is moving ahead and we have further strengthened and we continue to expand our global patent portfolio. Non-absorbable drugs are a unique subset of orally administered agents that exert their therapeutic effects locally in the GI tract. In contrast to traditional drugs, which are designed to be rapidly absorbed, achieve therapeutic plasma levels, and then be eliminated by multiple pathways, non-absorbable drugs are designed to only act locally in the gut. It is our belief that if drugs are not absorbed into the bloodstream, then it is very difficult for them to reach the liver, heart, brain or other organs, and thus we believe that the chance of having serious side effects is decreased. Read this full Press Release and more about the MS1819 & AZX1101 developments and advancements at: http://marketnewsupdates.com/news/azrx.html
In other Biotech and Big Pharma positive performers of note this week:
Pfizer Inc. (NYSE: PFE) yesterday announced that the pivotal REFLECTIONS B3271002 study, a comparative safety and efficacy study of PF-05280014 versus Herceptin® (trastuzumab), met its primary endpoint. PF-05280014 is being developed by Pfizer as a potential biosimilar to Herceptin. The trial demonstrated equivalence in the primary endpoint of objective response rate (ORR) of PF-05280014 versus Herceptin, taken in combination with paclitaxel, in first line patients with HER2-positive metastatic breast cancer. ORR is defined as the proportion of patients with tumor size reduction of a predefined amount and for a minimum period of time.
Novo Nordisk's (NYSE: NVO) long-acting insulin blockbuster Tresiba has a safe cardiovascular profile and reduces episodes of severely low blood glucose levels in patients with type 2 diabetes, the Denmark-based company said on Tuesday. Type 2 diabetics who need insulin to control their blood sugar risk having too low levels of glucose in their blood, which can cause tiredness, confusion and in some cases unconsciousness. The so-called DEVOTE study, involving more than 7,500 patients, demonstrated Tresiba's non-inferiority of major adverse cardiovascular events to rival Sanofi's long-acting insulin Lantus (insulin glargine), Novo said.
Champions Oncology, Inc. (NASDAQ: CSBR), engaged in the development of advanced technology solutions and services to personalize the development and use of oncology drugs, this week announced its financial results for the second quarter ended October 31, 2016. Joel Ackerman, CEO of Champions, commented, "This was truly a milestone quarter for Champions. We have been focused over the last 2 years on achieving profitability while continuing to invest in expanding our technology and products. We reached this important step in the Company's evolution by growing our customer base, delivering high quality studies and managing our costs. With 50% revenue growth and a lower cost base than last year, we have delivered on this ambitious objective ahead of schedule. Looking forward, we remain confident we will achieve our projected revenue of $16 - 18 million for our fiscal year ending April 2017.
Genetic Technologies Limited (NASDAQ: GENE), a molecular diagnostics company and provider of BREVAGenplus®, a first-in-class, clinically validated risk assessment test for sporadic (non-hereditary) breast cancer, this week announced the signing of an exclusive worldwide license agreement with The University of Melbourne for the development and commercialisation of a novel colorectal cancer (CRC) risk assessment test.
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