UCB's Evenity for Osteoporosis Receives Negative Opinion From CHMP Over Safety Concerns
We don't anticipate any changes to our EUR 72 per share fair value estimate for no-moat UCB after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency adopted a negative opinion regarding the potential approval of UCB and Amgen's Evenity (romosozumab) for the treatment of severe osteoporosis.This decision by the advisory body comes as somewhat of a surprise, given that Evenity was approved by the U.S. Food and Drug Administration in Apri...
UCB is a global biopharmaceutical company focused on severe diseases in two therapeutic areas, namely central nervous system disorders and immunology. In the area of central nervous system disorders, Co. is focused on advanced Parkinson's disease, epilepsy, restless legs syndrome and epilepsy. In the area of immunology disorders, Co. is focused on rheumatoid arthritis, axial spondyloarthritis, psoriatic arthritis, systemic lupus erythematosus, juvenile idiopathic arthritis, post-menopausal osteoporosis, systemic lupus erythematosus and immunological diseases.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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