Stock Monitor: Alliqua BioMedical Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 07, 2017 / Active-Investors issued a free report on Shire PLC (NASDAQ: SHPG), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=SHPG as the Company's latest news hit the wire. On December 05, 2017, the Company declared that it has entered into a collaboration with Rani Therapeutics to exclusively conduct research on the use of the Rani Pill(TM) technology for the oral delivery of factor VIII (FVIII) therapy, for delivering treatment to patients with hemophilia A. Sign up now for our free research reports at:
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As part of the agreement, Shire has made an equity investment into Rani Therapeutics and will get an exclusive option to negotiate a worldwide license to develop and commercialize the FVIII therapy following completion of feasibility studies. Other details of the agreement remain undisclosed.
Collaboration to Reduce Patients Chronic Burden of Hemophilia by Researching an Oral Option to Deliver FVIII
Fritz Scheiflinger, Head of Global Research of Shire, stated that with the Company`s in-depth scientific expertise and leadership position in hemophilia and Rani's deep experience in engineering and material science, Shire is excited by the potential of this partnership to reduce the chronic burden of hemophilia on patients` everyday lives by researching an oral option to deliver FVIII to patients. Fritz added that the Company strives to provide hemophilia patients with innovative therapies that are effective and do not expose patients to additional risks.
Shire Collaborated with MicroHealth to Address Unique Needs of Hemophilia A and B Patients with Inhibitors
On August 25, 2017, Shire entered into a collaboration with MicroHealth to support a free and secure care monitoring tool for hemophilia A and B patients with inhibitors and their care teams. MicroHealth developed the tool, in the form of an app, to help improve hemophilia patient care and outcomes through the ability to set reminders, track, store and selectively share personal health data, including photos and bleed alerts, with care team members. Shire's collaboration with MicroHealth helped the start-up customize the tool with new features and information specifically for the 5%-7% of hemophilia patients with inhibitors.
What is Hemophilia?
Hemophilia is one of a group of inherited bleeding disorders that cause abnormal or exaggerated bleeding and poor blood clotting. It refers to two specific conditions, hemophilia A and hemophilia B. Hemophilia A is caused by a deficiency of clotting Factor VIII, and while hemophilia B results from a deficiency of Factor IX. Symptoms of the disease includes excessive bleeding from any site in the body, long-term damage to joints from repeated bleeding episodes is characteristic. Currently, no oral therapies exist for the treatment of hemophilia.
About Rani Pill
Rani Pill is a capsule that delivers an intestinal injection without exposing medication to digestive enzymes. Once the capsule is consumed, it stays protected until it enters the small intestine and delivers medication into the intestinal wall. Since the intestines do not have sharp pain receptors, the intestinal delivery is expected to be pain free.
About Shire PLC
Founded in 1986 and headquartered in Dublin, Ireland, Shire is the global leader in serving patients with rare diseases and other highly specialized conditions. The Company focuses on developing new medicines in its chosen therapeutic areas through its extensive portfolio of products, innovative pipeline and collaborative approach to working with diverse partners around the globe.
About Rani Therapeutics
Established in 2012, and spun out of InCube Labs, Rani Therapeutics develops oral biotherapeutics technologies for the oral delivery of large drug molecules that include peptides, proteins, and antibodies. The Company has developed a technology platform to convert injectable drugs, such as TNF-alpha Inhibitors, interleukin antibodies, and basal insulin, among others, into pills. Rani Therapeutics is based in San Jose, California.
Stock Performance Snapshot
December 06, 2017 - At Wednesday's closing bell, Shire's stock declined 1.28%, ending the trading session at $142.69.
Volume traded for the day: 1.07 million shares.
After yesterday's close, Shire's market cap was at $43.20 billion.
Price to Earnings (P/E) ratio was at 26.86.
The stock has a dividend yield of 0.64%.
The stock is part of the Healthcare sector, categorized under the Drug Manufacturers - Major industry.
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