Credit: Shutterstock photoAllergan plcAGN in collaboration with Paratek Pharmaceuticals, Inc. PRTK has announced positive results from two phase III studies on sarecycline. The companies are developing sarecycline for the treatment of moderate to severe acne. The companies said the studies met their 12-week primary endpoints.
The efficacy study evaluated sarecycline for the potential treatment of moderate to severe acne in the community setting, which is dosed once daily orally. The drug is a narrow spectrum antibiotic derived from tetracycline.
A look at Allergan's share price movement over the past six month shows that the stock has outperformed the Zacks classified Medical - Generic Drugs industry. Specifically, Allergan gained 3.7% during this period, while the industry lost 11.7%. Also shares of Paratek closed 9.15% up yesterday.
Allergan owns the rights for the development and commercialization of sarecycline in the U.S. Based on the positive data, Allergan is planning to file a new drug application (NDA) with the FDA in the second half of this year.
Foamix Pharmaceuticals Ltd. FOMX is also conducting a study to evaluate the safety and efficacy of its drug, FMX101, for the treatment of moderate to severe acne.
We remind investors that in order to focus on its branded segment, Allergan sold its generics business to Teva Pharmaceutical Industries Limited TEVA last year.
Both Allergan and Paratek currently carry a Zacks Rank #3 (Hold).
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Allergan PLC. (AGN): Free Stock Analysis Report
Paratek Pharmaceuticals, Inc. (PRTK): Free Stock Analysis Report
Foamix Pharmaceuticals Ltd. (FOMX): Free Stock Analysis Report
Teva Pharmaceutical Industries Limited (TEVA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
