Bristol Myers Squibb (BMY) has announced positive results from True North, a pivotal Phase 3 trial evaluating oral Zeposia (ozanimod) as an induction and maintenance therapy for adult patients with moderate to severe ulcerative colitis.True North met both primary endpoints, demonstrating highly statistically significant (p-value < 0.0001) results for induction of clinical remission at Week 10 and in maintenance at Week 52.The study also met key secondary endpoints of clinical response and endoscopic improvement in induction at Week 10 and in maintenance at Week 52, BMY reported.At the same time, the safety profile of Zeposia in the True North trial was consistent with previously reported trials.BMY will now complete a full evaluation of the True North data and work with investigators to present detailed results at a future medical meeting, as well as discuss these results with health authorities.“Patients with ulcerative colitis can struggle to effectively manage this often unpredictable and potentially debilitating disease. The True North results are encouraging for patients… as Zeposia demonstrated consistency across key clinical and endoscopic endpoints,” stated BMY’s chief medical officer, Samit Hirawat, M.D.Ulcerative colitis, a chronic inflammatory bowel disease (IBD), is characterized by an abnormal, prolonged immune response that creates long-lasting inflammation and ulcers in the mucosa lining of the colon. It is estimated that 12.6 million people worldwide have IBD.Bristol Myers Squibb is also investigating Zeposia for the treatment of moderately to severely active Crohn’s disease in the ongoing Phase 3 Yellowstone clinical trial program. Zeposia is already approved for the treatment of relapsing forms of multiple sclerosis (MS) in adults by the FDA and EMA.Shares in BMY are currently trading down 6% year-to-date. However, analysts have a bullish Strong Buy consensus on the stock with 4 recent buy ratings vs just 1 hold rating. Meanwhile the average analyst price target stands at $66 (9% upside potential). (See BMY stock analysis on TipRanks).Related News: Pfizer Loses 6% On Disappointing Ibrance Breast Cancer Outcome BioMarin Provides Positive Gene Therapy Update For Severe Hemophilia A Efgartigimod’s Positive Data Is Good News for Momenta’s Nipocalimab More recent articles from Smarter Analyst: * Free Version of WWE Network Now Available for Fans * Pfizer Embarks On $500 Million Investment Plan For Biotech Businesses * MongoDB Earnings Preview: Analysts Looking For Beat, Raise Quarter * Lear Corporation Set to Reopen Plant After Coronavirus Outbreak Kills 20
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Camden County, NJ Police Chief Joseph Wysocki joins Yahoo Finance’s Anjalee Khemlani and Zack Guzman to discuss why he marched in protests over the weekend in response to the death of George Floyd. In this article we will check out the progression of hedge fund sentiment towards Peloton Interactive, Inc. (NASDAQ:PTON) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]