BUZZ-Brokerages await lung disease drug data from Amgen

Reuters05-17

** Brokerages await trial data presentations from Amgen

and Regeneron on Sunday as both companies vie for market share with their experimental treatments for chronic obstructive pulmonary disease (COPD)

** BMO Capital Markets believes investors will focus on how AMGN's drug Tezspire compares to REGN's Dupixent in COPD patients with high count of a type of white blood cell called eosinophil

** J.P.Morgan says Tezspire's mid-stage data looks "interesting" in the high eosinophil patient population as the drug showed 37% reduction in COPD exacerbation compared to 30% and 34% reductions seen in Dupixent late-stage trials

** However, the brokerage feels Dupixent will be well established with a "first to market advantage, a high bar set on efficacy and very broad/favorable payer coverage"

** The U.S. FDA is expected to take a decision on Dupixent's use for the treatment of COPD by June 27

** COPD is a common lung disease causing restricted airflow and breathing problems

** Up to last close, AMGN stock up 9.3% and REGN up 10.2%

(Reporting by Christy Santhosh)

((Christy.Santhosh@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment