Galapagos NV GLPG announced positive top-line data from a phase II study – ALBATROSS – evaluating its cystic fibrosis transmembrane conductance (“CFTR”) corrector candidate, GLPG2222, in cystic fibrosis ("CF") patients. It led to improvements in lung function.
So far this year, Galapagos’shares have outperformed the industry. The stock has gained 41.5% compared with an increase of 1.5% registered by the industry.
The phase II study evaluated two once-daily doses – 150 mg and 300 mg – of the candidate in CF patients who have one gating mutation and an F508del mutation and were on long-term stable treatment with Vertex Pharmaceuticals Incorporated’s VRTX CF drug, Kalydeco. Treatment with Kalydeco was continued during the course of the study.
The study achieved its primary objective of safety and was well tolerated in the patient population. Data also showed an improvement of 2.2% in mean percent predicted FEV1 (a measure of lung function) compared to baseline in 300 mg arm of the study.
Meanwhile, Vertex is also developing a combination therapy, tezacaftor plus Kalydeco, in similar indication.
Apart from GLPG2222, Galapagos is also developing GLPG2737, a CFTR regulator, in a phase I study and GLPG1837, a CFTR potentiator, in a phase II study in CF patients. All three candidates are being developed in partnership with AbbVie Inc. ABBV. The company has a diverse pipeline with candidates being developed in several other indications including atopic dermatitis, psoriatic arthritis, uveitis and lupus membranous nephropathy among others.
Galapagos NV Price
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Zacks Rank & Stock to Consider
Galapagos carries a Zacks Rank #3 (Hold).
Sucampo Pharmaceuticals, Inc. SCMP is a better-ranked health care stock, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Sucampo’s earnings per share estimates have increased from $1.01 to $1.12 for 2017 and from $1.06 to $1.19 for 2018 over the last 30 days. The company delivered positive earnings surprises in three of the trailing four quarters with an average beat of 15.63%.
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