Novo Nordisk A/s NVO announced post hoc results from the SUSTAIN 6 study in patients with type II diabetes and established cardiovascular disease (CV) or with at least one cardiovascular risk factor. The patients in the study were treated with Ozempic (semaglutide) compared to placebo, both in addition to standard of care. The primary outcome measure of the study was a composite outcome of major adverse cardiovascular events (MACE), defined as non-fatal myocardial infarction, non-fatal stroke or cardiovascular death. The study showed that patients treated with Ozempic had a significant 26% lower risk of MACE versus those receiving placebo for more than 2 years. Ozempic consistently reduced the risk of major cardiovascular events across type II diabetes population at high CV risk regardless of prior CV events at baseline.

The company also presented post-hoc pooled meta-analysis of the SUSTAIN 1-5 efficacy studies, which demonstrated a lower risk of MACE in people taking Ozempic. The comparators included in SUSTAIN 1-5 were placebo, Merck’s MRK Januvia (sitagliptin), exenatide extended release and insulin glargine U100. Due to low number of events, this reduction did not achieve statistical significance.

We remind investors that in December 2017, the FDA approved Ozempic once-daily pre-filled pen to improve glycaemic control in type II diabetes patients. It is also approved in Europe, Japan and Canada for the same indication.

Shares of the company have moved down 8.3% year to date compared with the industry’s growth of 5.6%.

Few days ago, the company also announced positive headline results from phase IIIa PIONEER 5 study of 14 mg oral formulation of Ozempic compared with placebo in adults with type II diabetes and moderate renal impairment controlled with metformin, sulfonylurea alone or in combination with metformin, or basal insulin alone or in combination with metformin.

The study met its primary endpoint according to the primary statistical approach by demonstrating a statistically significant and superior improvementin blood glucose levels (HbA1c), and statistically significant and superior weight loss at 26 weeks with oral Ozempic compared to placebo. 

During the second quarter of 2018, Novo Nordisk announced the phase IIIa results from four of the 10 clinical studies in the PIONEER program with oral semaglutide, for people with type II diabetes. The trials confirmed statistically significant reductions in both HbA1c and weight for oral semaglutide compared to Lilly’s LLY Jardiance (empagliflozin), Januvia and Victoza.

Novo Nordisk A/S Price

 

Novo Nordisk A/S Price | Novo Nordisk A/S Quote

Zacks Rank & Stock to Consider

Novo Nordisk carries a Zacks Rank #3 (Hold).

A better-ranked stock in the biotech sector is Gilead Sciences Inc. GILD, carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Gilead’s earnings per share estimates have increased from $6.11 to $6.57 for 2018 and from $6.36 to $6.48 for 2019 over the past 60 days. The company delivered a positive earnings surprise in three of the trailing four quarters with an average beat of 6.43%. The stock has rallied 2.7% so far this year.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Merck & Co., Inc. (MRK): Free Stock Analysis Report
 
Eli Lilly and Company (LLY): Free Stock Analysis Report
 
Novo Nordisk A/S (NVO): Free Stock Analysis Report
 
Gilead Sciences, Inc. (GILD): Free Stock Analysis Report
 
To read this article on Zacks.com click here.