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The Zacks Analyst Blog Highlights: Regeneron, Vertex, Gilead, Biogen and Celgene

For Immediate Release

Chicago, IL - October 01, 2015 - 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 the Regeneron ( REGN ), Vertex ( VRTX ), Gilead ( GILD ), Biogen ( BIIB ) and Celgene ( CELG ).

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Here are highlights from Wednesday's Analyst Blog:

Biotech Stock Roundup

Once again, pricing concerns overshadowed all other developments in the biotech sector over the last five trading days. The NASDAQ Biotechnology Index was down a sharp 13.5% with investors remaining jittery about possible legislative action regarding escalating prices of drugs (See the last biotech stock roundup here: Clinton's Tweet Shakes Biotech Stocks, Amgen In Pipeline-Boosting Deals ).

Recap of the Week's Most Important Stories

1. The biotech sector, which saw a major selloff ever since Democratic presidential candidate Hillary Clinton tweeted about the increasing cost of drugs, remains under pressure as concerns regarding price control refuse to abate. The situation worsened when earlier this week, House Democrats submitted an application seeking a subpoena requiring Valeant Pharmaceuticals to provide documents relating to massive price increases for a couple of drugs (Nitropress' 212% hike and Isuprel's 525% hike) acquired by the company. Concerns remain that biotech companies with high priced drugs may face similar action.

2. Regeneron ( REGN ) and partner Sanofi scored another win with their PCSK9 inhibitor, Praluent, gaining EU approval. Praluent, already available in the U.S., is one of the most highly-awaited new treatments to gain approval this year. (Read more: Regeneron/Sanofi's PCSK9 Inhibitor Praluent Approved in EU ).

3. It's been a busy week across the pond with quite a few companies gaining positive opinions from the EMA's Committee for Medicinal Products for Human Use (CHMP) for their experimental treatments that are currently under EU review. So, while Vertex ( VRTX ) got positive opinions for its cystic fibrosis drugs - Orkambi and Kalydeco (label expansion), the CHMP is also in favor of approving Gilead's ( GILD ) once-daily single tablet regimen, Genvoya.

Other products that got a positive opinion from the CHMP include Biogen's ( BIIB ) hemophilia A treatment, Elocta and Celgene's ( CELG ) blood cancer treatment, Vidaza (label expansion) among others.

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REGENERON PHARM (REGN): Free Stock Analysis Report

VERTEX PHARM (VRTX): Free Stock Analysis Report

GILEAD SCIENCES (GILD): Free Stock Analysis Report

BIOGEN INC (BIIB): Free Stock Analysis Report

CELGENE CORP (CELG): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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