Harvoni is the new tablet launched this month by Gilead Sciences, Inc (NASDAQ GILD) which Stewart acquired first because she take part in its clinical trials. Harvoni is a mixture of the novel drug ledipasvir and sofosbuvir, which for closely a year has been sold only under the brand name Sovaldi. Sovaldi’s launch shattered all…
Biotechnology investors often have to make bets based more on promise than profit. That’s because it takes years and hundreds of millions of dollars to advance new medicine through clinical trials to market, so investing in biotech stocks is more of a gamble than investing in other industries. Having said that, there are a number…
Biotech stocks to buy aren’t exactly the most popular investments on Wall Street right now. The “risk on” environment of 2013 seems to have evaporated, with volatility heating up and many investors taking shelter in old stalwarts like consumer staples and even bond funds. Biotech stocks are often seen as risky and more speculative by…
Tax inversion deals are no longer looking so attractive given the notice issued by the U.S. Department of Treasury in September. In fact, AbbVie (ABBV) has dropped its plans to acquire Shire and will be paying a break-up fee. Meanwhile, Amgen (AMGN) is being urged to consider splitting into two companies which would create more…
Pharmacyclics (PCYC) announced that it has teamed up with Roche (RHHBY) for evaluating the safety, tolerability and preliminary efficacy of its oncology treatment, Imbruvica, in combination with the latter’s Gazyva. The companies will assess the cocktail therapy in patients with non-hodgkin lymphoma (NHL) and chronic lymphocytic leukemia/small lymphocytic lymphoma (CLL/SLL) in multiple clinical trials. As…
Amgen Inc (AMGN) has filed a lawsuit against Sanofi (SNY ) and Regeneron Pharmaceuticals, Inc. (REGN) in the U.S. District Court of Delaware. The lawsuit is related to the infringement of certain patents (patent numbers 8,563,698, 8,829,165, and 8,859,741) owned by Amgen which describe and claim monoclonal antibodies to proprotein convertase subtilisin/kexin type 9 (PCSK9)….
