
Please try another search
GlaxoSmithKline plc (NYSE:GSK) and partner Innoviva, Inc. (NASDAQ:INVA) announced that their triple combination therapy was granted marketing authorization in the EU as maintenance therapy for the treatment of patients with chronic obstructive pulmonary disease (COPD).
The once-daily single inhaler triple therapy will be marketed by the trade name of Trelegy Ellipta. It is approved for the treatment of moderate-to-severe COPD in patients who are already being treated with a combination of inhaled corticosteroid (ICS) and a long-acting beta2-adrenergic agonist (LABA) but require additional bronchodilation.
Trelegy Ellipta was approved in the United States in September this year. The EU approval was expected. This is because the European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) had granted a positive opinion recommending marketing approval of Trelegy Ellipta in September.
Trelegy Ellipta, a combination of fluticasone furoate – an ICS, umeclidinium – a long-acting muscarinic antagonist (LAMA) and vilanterol – a LABA therapy, will provide patients with a convenient dosing option by removing the need for multiple inhalers. The product is expected to bring in blockbuster sales. Trelegy Ellipta will be delivered in Glaxo’s Ellipta dry powder inhaler.
Glaxo’s shares have declined 8.6% this year so far, underperforming the 14.7% increase witnessed by the industry.
Please note that shares of Theravance Biopharma, Inc. (NASDAQ:TBPH) were up more than 6% on Thursday as the biotech has an economic interest on the royalties that Glaxo will pay to Innoviva on global sales of Trelegy Ellipta.
Glaxo has a Zacks Rank #3 (Hold).
A better-ranked stock in the large-cap pharma sector is Johnson & Johnson (NYSE:JNJ) with a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of J&J are up 20.5% so far this year while earnings estimates for 2018 have gone up by almost 1% over the past 30 days.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
As the digital economy starts to go online across businesses and the world, investors have to be aware of the companies and services that will be at the forefront of this...
Wall Street Indexes remain under pressure today but have held above the lows we saw on Tuesday as the Trump administration tariffs came into force. The announcement of tariffs on...
These stocks provide a compelling case as safe-haven stocks in the face of an escalating trade war. Each company operates within sectors that are relatively resilient to economic...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.