Healthcare Business

8 Major Biopharma Events Coming Later in 2016 and in 2017

Ultragenyx Pharmaceutical

Of the multiple clinical trial results Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) has expected in the near future, all are viable according to analysts. First the company expects Phase 2 interim data of KRN23 for tumor-induced osteomalacia to be reported by mid-2016, as well as Phase 3 data of rhGUS for mucopolysaccharidosis 7 (MPS7).

Phase 2 seizure study data in glucose transporter 1 deficiency syndrome (Glut1 DS) patients are expected in the second half of 2016. Jefferies sees a favorable risk/reward profile for this company concerning its KRN23 study, and that there is likely meaningful reduction in seizures from triheptanoin Phase 2 data in Glut1 DS based on optimized protocol and data from investigator sponsored trials.

Ultragenyx last closed at $56.81, with a consensus price target of $99.07 and a 52-week range of $49.00 to $137.05. Currently the company does not have any revenues.

GW Pharmaceuticals

After being on a roller-coaster of late, the rest of the year could be incredible for GW Pharmaceuticals PLC (NASDAQ: GWPH), based on its results. Previously Epidiolex achieved its primary endpoint of median reduction in seizure frequency in patients with Dravet syndrome, setting up for potentially positive top-line results before the end of 2016.

Other results for Epidiolex are expected for Lennox-Gastaut syndrome by mid-2016. Analysts are considering the reaction to previous results as a positive catalyst for this stock for the rest of 2016, with Merrill Lynch seeing this as potentially doubling. Also GW Pharma is reporting its Phase 2 data of GWP42004 in the first half of 2016 for the treatment of type 2 diabetes. The Phase 2 results from GWP42004 in the treatment of epilepsy are expected in the fourth quarter of 2016.

Shares last traded at $76.99, with a consensus price target of $148.83 and a 52-week range of $35.83 to $133.98. Analysts see nearly $22 million in revenues for 2016.

Puma Biotechnology

Puma Biotechnology Inc. (NYSE: PBYI) expects to continue to return value to shareholders in 2016 with neratinib. It is submitting a New Drug Application (NDA) to the FDA by mid-2016, which was delayed from what was expected to be a first quarter of 2016 filing. It is also reporting additional data from the Phase 2 trial of neratinib as an extended adjuvant treatment in HER2-positive early stage breast cancer using loperamide prophylaxis during the first half of 2016.

Expect even more data when the company reports its Phase 2 data from an investigator sponsored trial of neratinib in patients with HER2-negative breast cancer who have a HER2 mutation in mid-2016. By the end of 2016, we can expect Phase 2 data from PB272 Summit trial and for HER2 non-amplified breast cancer. In either the fourth quarter of 2016 of the first quarter of 2017, the company expects to present Phase 3 data of PB272 for third-line HER2-positive metastatic breast cancer.

Shares of Puma were last seen at $35.37, with a consensus price target of $112.83 and a 52-week range of $34.71 to $244.90. This company currently does not have any revenue.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.