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Fly News Breaks for May 27, 2016
RHHBY, BIIB
May 27, 2016 | 14:45 EDT
Leerink analyst Geoffrey Porges noted that Biogen (BIIB) has a profit sharing agreement with Roche (RHHBY) for Rituxan and Gazyva and called the top-line PFS data reported from Roche's Phase 3 GALLIUM study comparing Gazyva with Rituxan in certain lymphoma patients an incremental positive. The preliminary study results suggest that Gazyva will rapidly become preferred over Rituxan in these indications, Porges tells investors.