UPLIZNA Approved in Europe for MGg Treatment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy AMGN?
Source: PRnewswire
- New Treatment Option: UPLIZNA (inebilizumab) has been approved by the European Commission as an adjunct treatment for adults with anti-AChR+ and MuSK+ myasthenia gravis (MGg), offering a biannual maintenance dosage that may reduce long-term steroid use.
- Clinical Trial Support: The approval is backed by data from the MINT study involving 238 MGg patients, where 87.4% of UPLIZNA patients reduced their steroid dosage to 5 mg or less by week 26, demonstrating significant efficacy.
- Market Potential: With an estimated 56,000 to 123,000 individuals affected by MGg in Europe, the approval of UPLIZNA provides a new treatment option for this rare disease, potentially improving patients' quality of life significantly.
- Long-term Efficacy Expectations: By targeting CD19-positive B cells, UPLIZNA offers durable disease control, which may transform the treatment landscape for MGg and lessen patients' reliance on steroids, enhancing overall treatment outcomes.
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Analyst Views on AMGN
Wall Street analysts forecast AMGN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMGN is 345.87 USD with a low forecast of 272.00 USD and a high forecast of 425.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 366.580
Low
272.00
Averages
345.87
High
425.00
Current: 366.580
Low
272.00
Averages
345.87
High
425.00
About AMGN
Amgen Inc. is a biotechnology company. It discovers, develops, manufactures and delivers medicines for the toughest diseases. It focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve people’s lives. It operates in the human therapeutics segment. Its marketed products portfolio includes EPOGEN (epoetin alfa); Aranesp (darbepoetin alfa); Parsabiv (etelcalcetide); Neulasta (pegfilgrastim); KANJINTI (trastuzumab-anns); Otezla; BLINCYTO (blinatumomab); ACTIMMUNE (interferon gamma-1b); Neulasta (pegfilgrastim); Sensipar/Mimpara (cinacalcet); Prolia (denosumab); ENBREL; QUINSAIR (levofloxacin); Repatha (evolocumab) and others. It markets ENBREL, a tumor necrosis factor blocker, in the United States and Canada. It markets Otezla, a small molecule that inhibits phosphodiesterase 4, in many countries around the world. It markets Repatha, a proprotein convertase subtilisin/kexin type 9 (PCSK9) inhibitor, in many countries around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
UPLIZNA Approved in Europe for gMG Treatment
- New Therapy Approval: Amgen's UPLIZNA (inebilizumab) has received approval from the European Commission as an add-on treatment for adults with anti-AChR+ and anti-MuSK+ generalized myasthenia gravis (gMG), marking a significant advancement in this therapeutic area.
- Significant Treatment Efficacy: UPLIZNA demonstrates durable disease control through a twice-yearly maintenance dosing regimen following two initial loading doses, which is expected to reduce patients' long-term reliance on steroids.
- Clinical Trial Support: The approval is backed by data from the MINT trial, the first Phase 3 biologic study to include both AChR+ and MuSK+ patients, showing that 87.4% of UPLIZNA patients reduced their steroid dose to 5 mg or less by Week 26.
- Huge Market Potential: The approval of UPLIZNA not only provides a new treatment option for gMG patients but also has the potential to expand into other autoimmune diseases in the future, further solidifying Amgen's leadership in the biopharmaceutical sector.
See More
UPLIZNA Approved in Europe for MGg Treatment
- New Treatment Option: UPLIZNA (inebilizumab) has been approved by the European Commission as an adjunct treatment for adults with anti-AChR+ and MuSK+ myasthenia gravis (MGg), offering a biannual maintenance dosage that may reduce long-term steroid use.
- Clinical Trial Support: The approval is backed by data from the MINT study involving 238 MGg patients, where 87.4% of UPLIZNA patients reduced their steroid dosage to 5 mg or less by week 26, demonstrating significant efficacy.
- Market Potential: With an estimated 56,000 to 123,000 individuals affected by MGg in Europe, the approval of UPLIZNA provides a new treatment option for this rare disease, potentially improving patients' quality of life significantly.
- Long-term Efficacy Expectations: By targeting CD19-positive B cells, UPLIZNA offers durable disease control, which may transform the treatment landscape for MGg and lessen patients' reliance on steroids, enhancing overall treatment outcomes.
See More
UPLIZNA Approved in Europe for gMG Treatment
- New Therapy Approval: Amgen announced that UPLIZNA (inebilizumab) has been approved by the European Commission as a new treatment option for adults with gMG who are anti-AChR+ and anti-MuSK+, marking a significant advancement in addressing this rare autoimmune disease.
- Long-Term Control Potential: UPLIZNA demonstrates the potential for long-term disease control through a semi-annual maintenance dose following two initial loading doses, which may reduce patients' reliance on long-term steroids, thereby improving their quality of life.
- Clinical Trial Support: The approval is backed by data from the MINT trial, the largest Phase 3 study for gMG, where 87.4% of UPLIZNA patients successfully reduced their steroid dosage to 5mg or less daily by week 26, showcasing its efficacy.
- Broad Market Prospects: The approval of UPLIZNA not only provides a new treatment option for gMG patients but also positions it to potentially play a significant role in the future market, especially regarding its potential against other autoimmune diseases, further solidifying Amgen's leadership in the biopharmaceutical sector.
See More
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UPLIZNA Approved in Europe for gMG Treatment
- New Therapy Approval: Amgen's UPLIZNA (inebilizumab) has received approval from the European Commission as an add-on treatment for adults with anti-AChR+ and anti-MuSK+ generalized myasthenia gravis (gMG), marking a significant advancement in this therapeutic area.
- Significant Treatment Efficacy: UPLIZNA demonstrates durable disease control through a twice-yearly maintenance dosing regimen following two initial loading doses, which is expected to reduce patients' long-term reliance on steroids.
- Clinical Trial Support: The approval is backed by data from the MINT trial, the first Phase 3 biologic study to include both AChR+ and MuSK+ patients, showing that 87.4% of UPLIZNA patients reduced their steroid dose to 5 mg or less by Week 26.
- Huge Market Potential: The approval of UPLIZNA not only provides a new treatment option for gMG patients but also has the potential to expand into other autoimmune diseases in the future, further solidifying Amgen's leadership in the biopharmaceutical sector.
See More
UPLIZNA Approved in Europe for MGg Treatment
- New Treatment Option: UPLIZNA (inebilizumab) has been approved by the European Commission as an adjunct treatment for adults with anti-AChR+ and MuSK+ myasthenia gravis (MGg), offering a biannual maintenance dosage that may reduce long-term steroid use.
- Clinical Trial Support: The approval is backed by data from the MINT study involving 238 MGg patients, where 87.4% of UPLIZNA patients reduced their steroid dosage to 5 mg or less by week 26, demonstrating significant efficacy.
- Market Potential: With an estimated 56,000 to 123,000 individuals affected by MGg in Europe, the approval of UPLIZNA provides a new treatment option for this rare disease, potentially improving patients' quality of life significantly.
- Long-term Efficacy Expectations: By targeting CD19-positive B cells, UPLIZNA offers durable disease control, which may transform the treatment landscape for MGg and lessen patients' reliance on steroids, enhancing overall treatment outcomes.
See More
UPLIZNA Approved in Europe for gMG Treatment
- New Therapy Approval: Amgen announced that UPLIZNA (inebilizumab) has been approved by the European Commission as a new treatment option for adults with gMG who are anti-AChR+ and anti-MuSK+, marking a significant advancement in addressing this rare autoimmune disease.
- Long-Term Control Potential: UPLIZNA demonstrates the potential for long-term disease control through a semi-annual maintenance dose following two initial loading doses, which may reduce patients' reliance on long-term steroids, thereby improving their quality of life.
- Clinical Trial Support: The approval is backed by data from the MINT trial, the largest Phase 3 study for gMG, where 87.4% of UPLIZNA patients successfully reduced their steroid dosage to 5mg or less daily by week 26, showcasing its efficacy.
- Broad Market Prospects: The approval of UPLIZNA not only provides a new treatment option for gMG patients but also positions it to potentially play a significant role in the future market, especially regarding its potential against other autoimmune diseases, further solidifying Amgen's leadership in the biopharmaceutical sector.
See More
Stocks Show Mixed Performance Following Disappointing Retail Sales Data
- Market Performance: The S&P 500 was close to achieving its first record of the month but ultimately did not reach that milestone.
- Investor Sentiment: The near-record performance reflects fluctuating investor confidence in the market's direction.
See More
Stock Futures Edge Up as Jobs and Inflation Reports Approach
Stock Market Trends: Stock futures were on the rise on Sunday night, indicating positive market sentiment.
Upcoming Economic Reports: Key economic reports regarding jobs and inflation are anticipated, which could impact market movements.
Government Funding Deadline: There is a looming deadline for funding parts of the federal government, adding to market uncertainty.
Investor Sentiment: The combination of economic reports and government funding issues is influencing investor sentiment as the week begins.
See More
Dow Reaches 50,000 as Concerns Over AI Diminish
- Market Performance: The week was challenging for markets, but it concluded with a surge of optimism among investors.
- Dow 50K Discussion: The article focuses on the potential for the Dow Jones Industrial Average to reach the 50,000 mark, highlighting the factors that could contribute to this milestone.
- Investor Sentiment: Despite recent difficulties, there is a renewed sense of hope and positive sentiment in the market, suggesting a possible recovery.
- Future Outlook: Analysts are considering the implications of reaching the Dow 50K and what it could mean for the broader economy and investment strategies.
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