Jan. 30, 2015, 12:31 PM
- Opko Health (OPK +3.5%) submits an Investigational New Drug Application (IND) to the FDA for clearance to commence a Phase 2a study evaluating its long-acting Orphan Drug-designated coagulation Factor VIIa (Factor VIIa-CTP) for the treatment of bleeding episodes in patients with hemophilia A or B with inhibitors to Factor VII or Factor IX.
- Currently, Factor VIIa therapy is administered intravenously which requires multiple infusions, due to its short half-life, to treat a bleeding episode.
- The longer duration of action of Opko's Factor VIIa-CTP is based on the naturally occurring peptide, C-terminal peptide, of the beta chain of human chorionic gonadotropin (hCG).
- Opko acquired the rights to the product when it bought Prolor Biotech.
- Previously: Opko completes its acquisition of Prolor Biotech (Aug. 29, 2013)
- Related tickers: (BAX +0.4%)(SGMO +0.6%)(ALNY +0.5%)(BIIB +11.4%)(OTCPK:BAYRY -1.4%)
Jan. 29, 2015, 7:33 AM
- Baxter International (NYSE:BAX) Q4 results ($M): Total Revenues: 4,472 (+3.5%); U.S.: 1,887 (+6.0%); Intl: 2,585 (+1.7%); BioScience: 1,880 (+8.7%), U.S.: 951 (+6.7%), Intl: 929 (+10.7%); Medical Products: 2,592 (0.0%), U.S.: 936 (+5.2%), Intl: 1,656 (-2.7%).
- BioScience: Hemophilia: 1,055 (+8.5%); BioTherapeutics: 628 (+11.3%); BioSurgery: 197 (+1.5%); Vaccines: 34 (-26.1%).
- Medical Products: Fluid Systems: 822 (+0.4%); Renal: 1,082 (-1.5%); Specialty Pharma: 417 (+2.5%); BioPharma: 271 (+1.5%).
- COGS: 2,248 (-3.4%); R&D Expense: 335 (-15.4%); SG&A Expense: 1,091 (+3.5%); Net Income: 953 (+192.3%); EPS: 1.74 (+194.9%); CF Ops: 1,143 (+5.5%).
- Gross Profit: 2,224 (+11.4%); COGS: 50.3% (-6.6%); Gross Margin: 49.7% (+7.7%); Operating Earnings: 798 (+46.2%); Operating Earnings Yield: 17.8% (+41.3%); Net Earnings Yield: 21.3% (+182.5%).
- Q1 Guidance: Sales Growth: (3 - 4%); EPS ex. items: $0.85 - 0.90; GAAP EPS: $0.76 - 0.81.
Jan. 29, 2015, 7:05 AM
- Baxter (NYSE:BAX): Q4 EPS of $1.34 beats by $0.03.
- Revenue of $4.51B (+3.2% Y/Y) beats by $170M.
Jan. 28, 2015, 5:30 PM
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Jan. 20, 2015, 10:14 AM
- The FDA approves Baxter International's (BAX -0.1%) Phoxillum Renal Replacement Solutions (BK4/2.5 and B22K4/0) as replacement solutions in patients with acute kidney injury who are undergoing continuous renal replacement therapy (CRRT) to correct electrolyte and acid-base imbalances and, in the case of drug poisoning, when CRRT is used to remove dialyzable substances.
- Phoxillum is the only FDA approved premixed solution containing phosphate. Hypophosphatemia (low blood phosphate) is a common electrolyte problem in patients treated with CRRT.
- The company expects to launch Phoxillum phosphate-containing solutions in Q2.
Jan. 8, 2015, 7:55 PM
- The FDA approves Daiichi-Sankyo's (OTCPK:DSKYF) (OTCPK:DSNKY) Savaysa (edoxaban tablets) to reduce the risk of stroke and dangerous blood clots (systemic embolism) in patients with atrial fibrillation that is not caused by a heart valve problem.
- Edoxaban is an anticoagulant that inhibits factor Xa. It was approved in Japan in 2011 for the prevention of venous thromboembolism in patients undergoing total knee replacement surgery, total hip replacement surgery and hip fracture surgery.
- Anticoagulant-related tickers: (NASDAQ:ISIS) (NYSE:BAX) (NASDAQ:PTLA) (NASDAQ:MSLI) (NYSE:MRK) (NYSE:JNJ) (NASDAQ:MDCO) (NASDAQ:SCLN) (NYSE:PFE) (NYSE:BMY) (NYSE:AZN) (OTCPK:BAYRY)
Dec. 22, 2014, 11:10 AM
- Baxter International (BAX +0.6%) submits a Biologics License Application (BLA) to the FDA for BAX111, a highly-purified recombinant von Willebrand Factor (rVWF), for the treatment of von Willebrand disease, the most common form of inherited bleeding disorder.
- Both the FDA and EMA have designated the product candidate an Orphan Drug for the indication. If approved, it will have a seven-year period of exclusivity in the U.S. and ten years in the European Union.
Dec. 17, 2014, 4:50 PM
- Baxter International (NYSE:BAX) will report Q4 results on January 29 before the open. The conference call will begin at 7:30 am CT/8:30 am ET.
- Consensus views for Q4 and 2014 are EPS of $1.32 and $4.88 on revenues of $4.4B and $16.6B, respectively.
Dec. 15, 2014, 10:48 AM
- Baxter International (BAX) sells its Vero cell technology, related assets and its production facility in the Czech Republic to Alachua, FL-based Nanotherapeutics for an undisclosed sum. The transaction includes the assets related to vaccines for H5N1, H1N1, seasonal influenza as well as the investigational programs for Ross River virus, Chikungunya disease and West Nile virus.
- The Vero cell platform is an advanced cell-based technology for vaccines production.
Dec. 1, 2014, 9:51 AM
- Baxter International (BAX -0.4%) submits a biologics license application (BLA) to the FDA for BAX 855, an investigational extended half-life recombinant factor VIII treatment for hemophilia A based on Advate [Antihemophilic Factor (Recombinant)].
- The submission is based on the results from a Phase 3 trial of of 137 previously-treated patients. Patients in the twice-weekly prophylaxis arm experienced a 95% reduction in median annual bleed rate (ABR) compared to the on-demand arm. Also, 96% of bleeding episodes were controlled with one or two infusions.
- The company expects to present additional data from the trial in the coming months. The separate Phase 3 study in patients under the age of 12 with severe hemophilia is ongoing. After it concludes, Baxter expects to file a marketing authorization application (MAA) in Europe sometime in 2016.
Dec. 1, 2014, 8:10 AM
- Pfizer (NYSE:PFE) finalizes its buy of Baxter International's (NYSE:BAX) NeisVac-C (meningitis - MenC) and FSME-IMMUN/TicoVac (tick-borne encephalitis) vaccines and a portion of Baxter's facility in Orth, Austria where the products are made. The $635M deal was announced in late July.
- Previously: Pfizer buys Baxter's vaccine business
Nov. 11, 2014, 9:09 AM
- Baxter (NYSE:BAX) declares $0.52/share quarterly dividend, in line with previous.
- Forward yield 2.94%
- Payable Jan 2; for shareholders of record Dec. 5; ex-div Dec. 3.
Oct. 24, 2014, 9:21 AM
- The FDA approves Baxter International's (NYSE:BAX) Orphan Drug-designated Obizur [Antihemophilic Factor (Recombinant), Porcine Sequence] for the treatment of bleeding episodes in adults with acquired hemophilia A (AHA), a very rare and potentially life-threatening acute bleeding disorder.
- Orbizur is the first recombinant procine FVIII treatment approved for AHA that allows physicians to manage treatment by measuring factor VIII activity levels in addition to clinical assessments.
- Among the benefits of the Orphan Drug tag is a seven-year period of marketing exclusivity following regulatory approval.
Oct. 16, 2014, 8:16 AM
- Baxter International (NYSE:BAX) Q3 results ($M): Total Revenues: 4,251 (+12.6%); U.S.: 1,755 (+6.9%); International: 2,442 (+14.5%); BioScience: 1,673 (+3.3%); Medical Products: 2,524 (+17.2%); Vaccines: 54 (-15.6%).
- BioScience: Hemophilia: 942 (+10.7%); BioTherapeutics: 546 (+2.6%); BioSurgery: 185 (+6.9%); Vaccines: 54 (-15.6%).
- Medical Products: Fluid Systems: 827 (+4.4%); Renal: 1,055 (+41.4%); Specialty Pharma: 386 (+3.8%); BioPharma Solutions: 256 (+4.9%).
- COGS: 2,124 (+16.2%); R&D Expense: 455 (+56.9%); SG&A Expense: 1,040 (+5.7%); Net Income: 468 (-14.0%); EPS: 0.86 (-13.1%); CF Ops: 914 (-5.4%).
- Gross Profit: 2,127 (+9.3%); COGS: 50.0% (+3.2%); Gross Margin: 50.0% (-3.0%); Operating Profit: 632 (-6.0%); Operating Earnings Yield: 14.9% (-16.5%); Net Earnings Yield: 11.0% (-23.6%).
- 2014 Guidance: Sales growth: unch; EPS ex items: $4.86 - 4.89 from $5.10 - 5.20; CF Ops: unch.
Oct. 16, 2014, 7:03 AM
- Baxter (NYSE:BAX): Q3 EPS of $1.35 beats by $0.04.
- Revenue of $4.20B (+13.2% Y/Y) in-line.
Oct. 15, 2014, 5:30 PM
Baxter International, Inc. produces and supplies specialized medical products including biopharmaceuticals and medical equipment. It operates business through two segments: Hospital Products and Renal. The Hospital Products business manufactures products used in the delivery of fluids and drugs... More
Industry: Medical Instruments & Supplies
Country: United States
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