Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Shares of The Medicines Company (NASDAQ:MDCO), which have climbed over 200% in the year-to-date period, are seeing further momentum Tuesday following a Bloomberg report of takeover interest.
The stock climbed about 13% Monday after the company presented detailed results of a Phase 3 study dubbed ORION-9, the third Phase 3 study, at the annual American Heart Association meeting, showing its only pipeline asset inclisiran, a small interfering RNA, or siRNA, therapy, met all primary and secondary efficacy endpoints and was well tolerated.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Cholesterol Drug In The Works Attracts Interest
Novartis AG (NYSE:NVS) has had talks with Medicines Company regarding a potential acquisition, with the Swiss pharma giant conducting due diligence on the latter, Bloomberg reported, citing people familiar with the matter. The report also hinted at more suitors entering the fray.
Inclisiran is a potential blockbuster in the making, with analyst upbeat about its prospects.
"It's a potentially disruptive player in the high-potential anti-PCSK9 lipid management market, valued at $23.6 billion in 2030," Chardan analyst Gbola Amusa said earlier this year.
Data from ORION-11, the first Phase 3 trial of inclisiran released in early September showed the investigational therapy brought about placebo-adjusted LDL-C reductions of 54% at day 510, and time-averaged placebo-adjusted LDL-C reductions of 50% from days 90 through 540.
Novartis' Quest For Inorganic Growth
Novartis has been aggressively pursuing inorganic growth in a bid to beef up its product portfolio with innovative drugs presenting significant growth opportunities. The addition of inclisiran would likely complement Novartis' heart drug portfolio.
Inclisiran, if approved, will be up against other PCSK9 inhibitors currently in the market, including Amgen, Inc. (NASDAQ:AMGN)'s Repatha and Sanofi SA (NASDAQ:SNY)/ Regeneron Pharmaceuticals Inc's (NASDAQ:REGN) Pratulent.
Medicines Company shares were rallying 22% $71.09 at time of publication.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.