Brief note on Ariad Pharmaceuticals going into the ASH meeting, Dec 10-13

Brief note on Ariad Pharmaceuticals going into the ASH meeting, Dec 10-13

(As published on Seeking Alpha on Nov 3 2011, click here to read the post and additional comments)

Ariad Pharmaceuticals’ $1.5bn market cap is mainly driven by two drugs in advanced clinical stages: ridaforolimus for soft tissue and bone sarcoma and ponatinib for chronic myeloid leukemia (CML) and Philadelphia positive acute lymphoblastic leukemia (Ph+ ALL). The former is partnered with Merck and presented top-line results of the phase III SUCCEED trial early this year. Merck is now on track to file an NDA later this year. Ariad also announced on August 18 that the EMA had accepted the MAA of the drug.

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Vectura, a company ready to compete in the  COPD market

Vectura, a company ready to compete in the COPD market

Vectura’s shares (LSE:VEC) took a hit on October 25 after its partner Novartis (NYSE:NVS; SIX:NOVN) said it’d delay regulatory filings of two of their respiratory drugs: NVA237 and QVA149.

The stock tumbled 20% that day and has been under selling pressure since then. It’s trading now at 52-week lows.

On the one hand, NVA237 (also named Seebri Breezhaler) will require additional data in the US hence delaying not only its NDA submission, but also affecting QVA149’s. On the other hand, on Sept 28, Novartis announced it had submitted a Marketing Authorisation Application (MAA) for NVA237 to the European Medicines Agency (EMA) triggering a $5m milestone payment under [Read more...]

Exelixis ahead of the EORTC meeting and long-term prospects.

Exelixis ahead of the EORTC meeting and long-term prospects.

Exelixis (Nasdaq: EXEL) plunged 40% last week after the company informed investors it’ll go ahead with its intention to run pivotal Phase III trials of cabozantinib (cabo) for castration-resistant prostate cancer (CRPC) despite not getting an agreement on a Special Protocol Assesment with the FDA. Exelixis announced very positive results from a Phase III clinical trial of cabo in medullary thyroid cancer the week before. Although it’s a small indication from a commercial standpoint, it provides a clinical validation of Exelixis’ main drug and sets it for a potential approval in 2012. Exelixis plans to initiate a rolling NDA submission for this indication this quarter. The filing will be completed in 1H 2012.

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Cytokinetics’ promising pipeline: a value stock for a long term investor.

Cytokinetics’ promising pipeline: a value stock for a long term investor.

(As originally published on Seeking Alpha on July 20, 2011). Also, check my latest update on Cytokinetics here.

Throughout this year, Cytokinetics’ shares have been moving between $1.12 and $2.96. During this time, the stock has been knocked down more than 60% and the recent turbulence in the market has not helped much either. This is a report on the main programs of the company plus some fundamental and technical analysis that will hopefully shed light on what a long term investor should expect from Cytokinetics.
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