Another look at pharma news to July 21
The US Food and Drug Administration’s actions were behind some of the leading pharma and biotech news last week. This included marketing approval for Johnson & Johnson’s plaque psoriasis drug candidate Tremfya and Gilead Sciences latest hepatitis C drug Vosevi, as well as a setback for Amgen’s osteoporosis treatment Evenity. Added to this, was the welcome news that Novartis and Amgen’s migraine drug erenumab New Drug Application has been accepted by the agency.
Approval of Tremfya is huge win for shareholders
The FDA approval of Johnson & Johnson's Tremfya, a treatment for patients with plaque psoriasis means Novartis, Eli Lilly and Valeant Pharmaceuticals International could see some competition in this space. This is a good opportunity for investors to go long J&J stock, says blogger “Long Term Bio” writing on Seeking Alpha.
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