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Fly News Breaks for February 10, 2020
GWPH, ZGNX
Feb 10, 2020 | 06:46 EDT
Mizuho analyst Difei Yang raised her price target for Zogenix to $71 from $65 after the company reported data from the Phase 3 clinical trial of Fintepla for the treatment of Lennox Gastaut syndrome, its second indication. The primary endpoint was met, showing a statistically significant result versus placebo with effect size roughly similar to GW Pharmaceuticals's (GWPH) Epidiolex, explains the analyst. She believes the Lennox Gastaut indication based on the Phase 3 results is approvable by the FDA. While secondary endpoints look somewhat inferior to Epidiolex, the drug should gain modest market penetration in Lennox Gastaut given the high unmet medical need, and need for new mechanisms of action, argues Yang. She keeps a Buy rating on Zogenix shares.
News For ZGNX;GWPH From the Last 2 Days
GWPH
Apr 20, 2021 | 06:34 EDT
GW Pharmaceuticals announces that the European Commission has approved the Type II variation application for EPIDYOLEX as an adjunctive treatment of seizures associated with TSC, for patients two years of age and older. This approval, which represents the third indication for GW's cannabidiol in Europe, paves the way for the expanded launch of the medicine across Europe. The EC decision is valid in all 27 countries of the European Union, alongside Norway, Iceland and Liechtenstein.
ZGNX
Apr 19, 2021 | 09:24 EDT
73rd Annual Virtual Meeting of AAN will be held on April 17-22. Webcast Link