27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
TESARO Inc (NASDAQ:TSRO) announced the FDA approval of Zejula (niraparib) in recurrent ovarian cancer maintenance with a broad label. The approval came in three months ahead of schedule and the launch is expected in late April, Baird’s Michael E. Ulz said in a report.
While reiterating a Neutral rating and a price target of $165 for Tesarao, Ulz mentioned that the market was highly competitive. Two competing PARP (poly ADP ribose polymerase) inhibitors had already been approved, AstraZeneca plc (NYSE:AZN)'s Lynparza and Clovis Oncology Inc (NASDAQ:CLVS)'s Rubraca, while there were several other players with PARPs in late-stage development, including Pfizer Inc. (NYSE:PFE)'s talazoparib and AbbVie Inc (NYSE:ABBV)'s veliparib.
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!
Zejula Approval
Zejula was approved by the FDA for “the maintenance of recurrent epithelial ovarian, fallopian tube, or primary peritoneal cancer in patients who have responded (partial or complete) to platinum-based chemotherapy,” the analyst wrote.
The label is broad and the U.S. launch is expected in late April, at which time Tesaro would provide insight into pricing. Niraparib is under regulatory review in Europe, and Ulz expects a launch by end of 2017. He estimated peak worldwide sales of $1.5 billion in ovarian cancer.
“Overall, while we are encouraged by these updates, we maintain our Neutral rating given pending competitive PARP data (mid-2017),” Ulz commented.
Related Links:
How The Market For Tesaro's Niraparib Plays Out Following Early FDA ApprovalTesaro Announces Expanded Development Program For Cancer Drug Niraparib, Stock Spikes Higher
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.