Juno Therapeutics Shows Promise With Non-Hodgkin Lymphoma Drug

Craig Jones
0

Juno Therapeutics Inc (NASDAQ: JUNO) opened sharply higher after reporting third-quarter earnings after the close Wednesday.

The report highlighted ASH abstracts on JCAR017, a non-Hodgkin lymphoma drug, showing promising efficacy and solid safety in r/r DLBCL, Barclays analyst Gena Wang said in a note. Juno also reported that BLA filing is on track in the second half of 2018, and that a TRANSCEND study update demonstrated durable and consistent responses for JCAR017 in r/r DLBCL, "especially in the core patient group," Wang said. (See Wang's track record here.)

Outpatient administration could potentially further differentiate JCAR017 from its competition, said Wang. Better understanding of the CRS profile and treatment course would provide valuable information on the feasibility of outpatient administration of the drug, the analyst said.

Wang expects that pivotal trial initiation in the BCMA CAR-T program will start in the second half of 2018. The first phase of the trial should be initiated in early 2018, while phase two should start six months later, she said. BCMA CAR-T could further differentiate the company from the competition, the analyst said.

Initial clinical data from Juno's solid tumor programs is expected in April 2018, Wang said.

View more earnings on JUNO

Barclays has an Overweight on Juno Therapeutics with a $55 price target.

Related Links:

Juno Therapeutics Adds To Monday's Gain After Wedbush Upgrade

Lightning Round: Jim Cramer Weights In On Juno Therapeutics, Halliburton And More

Latest Ratings for JUNO

Nov 2017

Leerink Swann

Maintains

Outperform

Oct 2017

Morgan Stanley

Maintains

Equal-Weight

Sep 2017

Barclays

Initiates Coverage On

Overweight

View More Analyst Ratings for JUNO
View the Latest Analyst Ratings

See more from Benzinga

© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Advertisement

Recommended Stories