Stockwinners Market Radar for March 27, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TSLA... | Hot Stocks20:07 EDT Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Tesla (TSLA) plans to suspend production at its Shanghai plant for at least one day as the local government intensifies COVID restrictions after a surge in cases in the city, according to Bloomberg, citing people familiar with the matter. Production will be halted Monday, the people said. Tesla hasn't yet informed employees whether it will extend the suspension beyond Monday, they added. 2. The U.S. National Highway Traffic Safety Administration has reinstated higher penalties for automakers failing to meet fuel efficiency requirements in recent years, a win for Tesla that could cost other automakers hundreds of millions of dollars or more, according to a document seen by Reuters. President Donald Trump's administration in its final days in January 2021 delayed a 2016 regulation that more than doubled penalties for automakers failing to meet Corporate Average Fuel Economy requirements starting in the 2019 model year. NHTSA's final rule, which was viewed by Reuters, reinstates the higher penalties and boosts them further for the 2022 model year. The hike is expected to cost Chrysler parent Stellantis (STLA), for instance, hundreds of millions of dollars, the publication noted. 3. GameStop (GME) expects to launch a marketplace for non-fungible tokens, or NFTs, by the end of July, pushing into the digital asset space as investors hope for a wider turnaround at the embattled videogame retailer, Jack Denton wrote in this week's edition of Barron's. The move into NFTs would be a significant departure from GameStop's core retail business. It's also a gamble that may not move the revenue needle much, and adds another element of uncertainty around the highly volatile stock, the author noted. 4. ViacomCBS (VIACA) subsidiary Paramount's "The Lost City" won this weekend's domestic box office with a better-than-expected $31M debut from 4,352 theaters. Overseas, Sandra Bullock and Channing Tatum's movie grossed $3.7M from its first 16 smaller-sized markets. 5. nVent (NVT) and Berkshire Hathaway (BRK.A, BRK.B) saw positive mentions in this week's edition of Barron's.
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ESLT | Hot Stocks14:39 EDT Elbit awarded $130M in contracts to provide artillery munitions production line - Elbit Systems announced that it was awarded contracts with an aggregate value of approximately $130 million to deliver an artillery munitions production line in a country in Asia-Pacific. The contracts will be performed over a period of 2.5 years. Under the contracts, Elbit Systems will build a turnkey industrial complex for enhanced manufacturing of artillery munitions. Bezhalel Machlis, President and CEO of Elbit Systems, said, "These contracts award attests to the quality of our portfolio and to our proven capability to perform technology co-operations in partnering countries."
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VRTX | Hot Stocks14:37 EDT Vertex announces reimbursement agreement in Australia for TRIKAFTA - Vertex Pharmaceuticals announced that as of 1 April 2022, TRIKAFTA will be reimbursed on the Australian Pharmaceutical Benefits Scheme for the treatment of cystic fibrosis in people ages 12 years and older who have at least one F508del mutation in the CFTR gene, the most common CF-causing mutation worldwide. TRIKAFTA was approved by the Australian Therapeutic Goods Administration in March 2021 based on the results of four global Phase 3 clinical trials, which included multiple Australian trial sites and patients. CF is a rare, life-shortening, genetic disease affecting approximately 3,500 people in Australia. It is caused by a defective and/or missing CFTR protein, resulting from mutations in the CFTR gene. Up to 90 percent of people living with CF have at least one F508del mutation. Australia now joins the list of 30 countries where the triple combination therapy is approved and reimbursed including Denmark, Finland, France, Germany, Italy, Ireland, Israel, Poland, Spain, Switzerland and the countries within the U.K.
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EVLO | Hot Stocks14:30 EDT Evelo Biosciences presents data from Phase 2 trial of EDP1815 in Psoriasis - Evelo Biosciences presented a late-breaking oral abstract on data from a Phase 2 trial of EDP1815 in psoriasis at the 2022 American Academy of Dermatology Annual Meeting, being held March 25-29 in Boston, Massachusetts. EDP1815 was well tolerated with safety data comparable to placebo: no drug-related serious adverse events, and no meaningful difference in infections or gastrointestinal events observed. During the 16-week dosing period, the primary endpoint analysis demonstrated EDP1815 was superior to placebo with 80%-90% probability across each cohort. Each cohort showed increased Psoriasis Area and Severity Index score responses, as measured by the proportion of patients achieving at least a 50% improvement in PASI from baseline at week 16: statistically significant over placebo in cohorts 1 and 2. A post-hoc analysis comparing PGA 0/1 response rate showed statistical significance with a rate of 20.2% compared to 9.1% in placebo. In Part B of the trial, patients were followed for up to 24 weeks after they had stopped receiving EDP1815 or placebo. During the post-treatment period, durable and deepening clinical responses were observed, with no flare or rebound of psoriasis. There were 83 patients who had received EDP1815 in Part A who entered Part B. Thirty of these 83 patients achieved a PASI-50 or greater reduction at the end of Part A. Eighteen of the 30 patients remained at PASI-50 or greater at the end of Part B. Ten of these 30 patients achieved a PASI-75 or greater at the end of Part A and 5 of them remained at PASI-75 or greater at the end of Part B. These results provide the first demonstration in a Phase 2 trial of the safety and efficacy of an orally-administered, gut-restricted SINTAX medicine, proving the ability to harness SINTAX to treat systemic inflammation, and paving the way for a new modality of anti-inflammatory medicines.
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INCY LLY | Hot Stocks14:27 EDT Eli Lilly, Incyte present OLUMIANT alopecia areata data - Adults with severe alopecia areata who took OLUMIANT achieved significant scalp, eyelash and eyebrow hair regrowth and nearly 75% of those who responded to OLUMIANT 4-mg achieved 90% scalp coverage at 52 weeks, Eli Lilly (LLY) and Incyte (INCY) announced at the American Academy of Dermatology Annual Meeting. In February 2022, the U.S. Food and Drug Administration granted priority review for OLUMIANT in severe AA as a potential first-in-disease medicine. Lilly expects regulatory decisions in the U.S., European Union and Japan in 2022. In the pooled 52-week analysis, patients at baseline had a mean Severity of Alopecia Tool score of 85.5; severe AA is defined as having a SALT score greater than or equal to 50. At baseline, 69.4% and 57.9% had significant eyebrow and eyelash hair loss, respectively, as defined by Clinician-Reported Outcome scores greater than or equal to2. Patients' average age was 37.6 years, with hair loss starting around age 25 and a mean of 12.2 years since symptom onset. Among patients who took OLUMIANT 4-mg, two out of five achieved significant scalp hair regrowth, defined as a SALT score less than or equal to 20, or 80% or more scalp hair coverage, and nearly three out of four of those patients also achieved a SALT score less than or equal to 10, or 90% hair coverage, at 52 weeks. Separately, more than two out of five patients with ClinRO baseline scores greater than or equal to 2 saw full regrowth or regrowth with minimal gaps in eyebrow and eyelash hair. Among patients who took OLUMIANT 2-mg, more than one out of five achieved significant scalp hair regrowth and two out of three of those patients achieved 90% or more hair coverage at 52 weeks. Separately, more than one in five and one in four patients, respectively, saw full regrowth or regrowth with minimal gaps in eyebrow and eyelash hair. These 52-week pooled analyses demonstrate continued improvement in scalp, eyebrows and eyelash hair regrowth from 36-week results published in the New England Journal of Medicine and presented at the 2021 European Academy of Dermatology and Venereology Congress. In an evaluation of OLUMIANT 4-mg and 2-mg long-term safety, incidence rates of frequently reported adverse events up to 52 weeks (median 56 weeks exposure) were consistent with the 36-week, placebo-controlled period and included upper respiratory tract infection, headache, acne, urinary tract infection and increases in muscle-related blood markers. There were no new safety signals.
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AMYT | Hot Stocks14:22 EDT Amryt announces interim analysis data from Open Label Phase of EASE trial - Amryt announced new positive clinical data from EASE, the largest Phase 3 trial in Epidermolysis Bullosa. These data were presented during a late-breaking oral presentation at the American Academy of Dermatology Annual Meeting 2022 held in Boston, MA. The trial met its primary endpoint in the double-blind phase; target wounds treated with Oleogel-S10 reached first complete wound closure by Day 45 more frequently than wounds treated with control gel, with statistical significance. Patients treated with Oleogel-S10 in the DBP experienced a reduction in total body surface area percentage wounding from 12.1% at study entry in the DBP to 7.4% at the end of the DBP. In patients who continued Oleogel-S10 treatment in the OLP and who had an OLP Month 12 assessment, BSAP was further reduced to 5.4%. Patients treated with Oleogel-S10 in the DBP experienced a reduction in EBDASI skin activity from 19.6 at study entry in the DBP to 16.5 at the end of the DBP. In the patients who continued Oleogel-S10 treatment in the OLP and who had an OLP Month 12 assessment, EBDASI skin activity was further reduced to 15.2. Treatment with Oleogel-S10 was well tolerated with continued use; no new safety signals were observed in the interim OLP analysis.
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INCY | Hot Stocks14:18 EDT Incyte announces 52-week data from Phase 3 TRuE-V program - Incyte announced new 52-week results from its pivotal Phase 3 TRuE-V clinical trial program evaluating ruxolitinib cream, a topical JAK1/JAK2 inhibitor, in adolescent and adult patients with nonsegmental vitiligo. These data were presented as an oral presentation in a late-breaking abstract session at the 2022 American Academy of Dermatology Annual Meeting, held from March 25-29 in Boston. The 52-week results build on the previously announced positive 24-week results and include data from the 24-week double-blind and 28-week treatment extension periods of the Phase 3 TRuE-V1 and TRuE-V2 studies. Findings from the Week 52 analysis showed that patients applying 1.5% ruxolitinib cream twice daily had clinically meaningful facial and total body repigmentation as shown by greater proportions of patients reaching the facial and total body Vitiligo Area Scoring endpoints at Week 52. Specifically, efficacy results of patients who applied ruxolitinib cream from Day 1 showed: At Week 52, approximately 50% of patients achieved greater than or equal to 75% improvement in the facial Vitiligo Area Scoring Index compared to the F-VASI75 improvement from baseline reported for these patients at Week 24 which was approximately 30%. At Week 52, approximately 75% of patients achieved greater than or equal to50% improvement in F-VASI, and nearly one-third achieved greater than or equal to 90% improvement in F-VASI compared to the Week 24 response rates for F-VASI50 and F-VASI90 which were approximately 51% and 15%, respectively. Additionally, a greater proportion of patients at Week 52 achieved greater than or equal to50% improvement in total body Vitiligo Area Scoring Index, and over one-third of patients achieved a Vitiligo Noticeability Scale response. Further improvement on percentage change from baseline in facial body surface area with application of ruxolitinib cream was also observed. Results at Week 52 in crossover patients were consistent with Week 24 data in patients who applied ruxolitinib cream from Day 1. The overall safety profile of ruxolitinib cream in vitiligo was consistent with previous study data - there were no clinically significant application site reactions or serious treatment-related adverse events related to ruxolitinib cream. As previously announced, based on the 24-week results, Incyte submitted marketing applications for ruxolitinib cream for the treatment of adolescent and adult patients with vitiligo to the U.S. Food and Drug Administration and the European Medicines Agency. The FDA Prescription Drug User Fee Act target action date is July 18, 2022.
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SNY REGN | Hot Stocks14:15 EDT Regeneron, Sanofi announce detailed results from Phase 3 PRIME2 trial - Regeneron Pharmaceuticals (REGN) and Sanofi (SNY) announced that detailed positive results from the Phase 3 PRIME2 trial evaluating the efficacy and safety of Dupixent were presented in a late-breaking session at the American Academy of Dermatology 2022 Annual Meeting. The companies previously announced topline results from PRIME2 and a second trial, called PRIME, investigating the use of Dupixent in adults with uncontrolled prurigo nodularis. In both trials, Dupixent significantly reduced itch and skin lesions compared to placebo. In total, 21 scientific abstracts evaluating the safety and efficacy of Dupixent in patients with atopic dermatitis in different age groups, as well as investigational indications of prurigo nodularis and chronic spontaneous urticaria will be presented at the congress. The randomized, placebo-controlled PRIME2 trial met its primary and all key secondary endpoints, with data presented at AAD 2022 showing: 37% of Dupixent patients experienced a clinically meaningful reduction in itch from baseline compared to 22% of placebo patients at week 12, the primary endpoint. Nearly three times as many Dupixent patients experienced a clinically meaningful reduction in itch from baseline at week 24: 58% of Dupixent patients compared to 20% of placebo patients. Nearly three times as many Dupixent patients achieved clear or almost clear skin at week 24: 45% of Dupixent patients compared to 16% of placebo patients. The safety results of the trial were generally consistent with the known safety profile of Dupixent in its approved dermatology indications. For the 24-week treatment period, overall rates of adverse events were generally similar between Dupixent and placebo groups. Adverse events that were more commonly observed with Dupixent were herpes viral infections. A lower rate of skin infections was observed with Dupixent. Additionally, 3% of Dupixent patients and 30% of placebo patients discontinued prior to week 24. Results from the confirmatory PRIME trial will be presented at an upcoming medical congress. Data from both trials will form the basis of regulatory submissions around the world for Dupixent in prurigo nodularis, which are planned to begin in the first half of 2022. The potential use of Dupixent in prurigo nodularis is currently under clinical development, and the safety and efficacy have not been fully evaluated by any regulatory authority.
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LLY | Hot Stocks14:10 EDT Lilly says majority of patients achieved skin clearance in Phase 3 AD studies - More than 50 percent of patients with moderate-to-severe atopic dermatitis experienced at least 75 percent reduction in disease severity at 16 weeks when receiving lebrikizumab monotherapy in the ADvocate program, Eli Lilly announced at the American Academy of Dermatology Annual Meeting. Lebrikizumab, an investigational IL-13 inhibitor, also led to clinically meaningful improvements in itch and other important patient-reported outcomes compared to placebo. Lebrikizumab is a monoclonal antibody that binds to the interleukin 13 protein with high affinity to specifically prevent the formation of IL-13Ralpha1/IL-4Ralpha which blocks downstream signaling through the IL-13 pathway. 1-5 IL-13 plays the central role in Type 2 inflammation. In AD, IL-13 underlies the signs and symptoms including skin barrier dysfunction, itch, infection and hard, thickened areas of skin. In ADvocate 1, 43 percent of patients receiving lebrikizumab achieved clear or almost clear skin at 16 weeks compared to 13 percent of patients taking placebo. Among those receiving lebrikizumab, 59 percent achieved an EASI-75 response, compared to 16 percent with placebo. In ADvocate 2, 33 percent of patients taking lebrikizumab achieved clear or almost clear skin at 16 weeks, compared to 11 percent of patients on placebo. Among those receiving lebrikizumab, 51 percent achieved an EASI-75 response, compared to 18 percent taking placebo. Within four weeks, patients receiving lebrikizumab experienced statistically significant improvements in skin clearance and itching, as well as improvements in interference of itch on sleep, and quality of life, as measured by key secondary endpoints. The safety profile of the 16-week period was consistent with prior lebrikizumab studies in AD. Patients taking lebrikizumab, compared to placebo, reported a lower frequency of adverse events in ADvocate 1 and ADvocate 2. Most adverse events across the two studies were mild or moderate in severity and nonserious and did not lead to treatment discontinuation. Detailed 52-week results from ADvocate 1 and 2, as well as 16-week data from ADhere, the Phase 3 AD study of lebrikizumab with topical steroids, will be disclosed in coming months. Lilly and Almirall S.A. plan to submit filings to regulatory authorities around the world by the end of 2022 following completion of the ADvocate studies. Lilly has exclusive rights for development and commercialization of lebrikizumab in the United States and the rest of the world outside Europe. Almirall has licensed the rights to develop and commercialize lebrikizumab for the treatment of dermatology indications, including AD, in Europe.
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TSLA | Hot Stocks14:00 EDT Elon Musk notes Director of AI/FSD at Tesla on '4-month sabbatical' - Tesla's CEO Elon Musk said via Twitter that, "Toronto streetcars are not yet handled well by FSD. Btw, @karpathy is on a ~4 month sabbatical." Andrej Karpathy is the Director of Artificial Intelligence at Tesla, leading the Autopilot Vision team. Reference Link
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ANPC | Hot Stocks10:41 EDT AnPac Bio announces receipt of Staff delisting determination from Nasdaq - AnPac Bio announced that on March 24, 2022, it received a Staff determination letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the company of the Staff's determination to delist the company's securities from The Nasdaq Global Market due to its failure to regain compliance with the minimum $50,000,000 Market Value of Listed Securities required for continued listing as set forth in Listing Rule 5450(b)(2)(A), following the 180 calendar day compliance period. The Letter also indicates that the company has not met the Nasdaq's minimum standard requirements of $10,000,000 in stockholders' equity, $50,000,000 in total assets and $50,000,000 in total revenue. Pursuant to the Letter, unless the company requests an appeal of the Letter, trading of the company's American Depositary Shares will be suspended at the opening of business on April 4, 2022, and Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the company's securities from listing and registration on the Nasdaq Stock Market. The Company may also apply to list its securities on The Nasdaq Capital Market if it satisfies the requirements for continued listing on that market. The company is applying to transfer to The Nasdaq Capital Market and will appeal the Letter to seek additional time to meet the requirements to transfer. The company intends to request a hearing before a Hearings Panel. Such a request will allow the company to continue to be traded for a period of the time and the filing of the Form 25-NSE pending the Panel's decision; during the period before the hearing, the company's American Depositary Shares will continue to trade. At the hearing, the company intends to request a transfer to the Nasdaq Capital Market, present a plan to achieve compliance with continued listing requirements of The Nasdaq Capital Market and request that the Panel allow the Company additional time within which to regain such compliance.
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