20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Sanofi SA (NASDAQ:SNY) and Regeneron Pharmaceuticals Inc (NASDAQ:REGN) have reported disappointing results from the Phase 3 trial of Dupixent (dupilumab) in chronic spontaneous urticaria (CSU).
- The trial included CSU patients who don't respond to biologic treatment, Novartis AG (NYSE:NVS) / Roche Holdings AG's (OTC:RHHBY) Xolair (omalizumab).
- CSU is a severe form of hives, causing severe itching and swelling.
- In the study, dupilumab couldn't significantly improve symptoms in Xolair-refractory patients.
- The trial will be stopped for futility, although the antibody did show "numeric improvements" on itching and hive symptoms.
- Related: Sanofi - Regeneron's Dupixent Under FDA Priority Review For Children Under 5 Years With Atopic Dermatitis.
- The previously reported Phase 3 trial, which evaluated CSU patients who were biologic-naïve, met its primary and all key secondary endpoints at 24 weeks.
- Adding Dupixent to standard-of-care antihistamines significantly reduced itch and hives compared to antihistamines alone.
- The companies are evaluating the next steps.
- Price Action: SNY shares are trading higher by 0.49% at $53.13 during the premarket session on the last check Friday, while REGN stock closed at $626.72 on Thursday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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