Time New York: Sun 04 Dec 17:22 pm  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Allergan (AGN) Gains Rights to RTGel from UroGen Pharma

Zacks

Ireland-based Allergan plc AGN has gained worldwide rights to RTGel delivery system technology for use with neurotoxins from privately held pharma company UroGen Pharma, for an upfront payment of $17.5 million.

RTGel technology was developed by New York based UroGen to promote ease of delivery into and retention of drugs in body cavities, including the bladder while preventing their rapid excretion. RTGel takes a liquid form at lower temperatures and converts into gel when heated. This special technology when formulated with an active drug, may improve efficacy of treatment of patients suffering from Overactive Bladder (OAB).

For patients suffering from OAB, a neurotoxin injection into the bladder is considered as a successful therapeutic option. Botox is a reputed neurotoxin.

ALLERGAN PLC Price


ALLERGAN PLC Price | ALLERGAN PLC Quote

Other than the upfront payment, Allergan will also be entitled to the development and commercial milestones as well as royalties on net sales.

This agreement is going to set milestones for patients suffering from OAB and related conditions. According to the company’s press release, over 30 million people in the U.S and over 200 million worldwide suffer from OAB. The unison of Botox and RTGel will deliver innovative and meaningful treatments for the disease.

Currently, Allergan carries a Zacks Rank #3 (Hold). Better-ranked stocks in the healthcare sector include Bioblast Pharma Ltd. ORPN, Geron Corporation GERN, Exelixis, Inc. EXEL. All the companies sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Bioblast Pharma recorded positive earnings surprises in each of the last four quarters with an average beat of 51.66%. The loss estimates for 2016 and 2017 have narrowed down over the past 60 days.

Geron has an average positive surprise of 20.78% for the last four quarters.

Exelixis has an average positive surprise of 9.10% for the trailing four quarters. Its share price has jumped more than 100% year to date. The loss estimates for 2016 and 2017 have narrowed down over the past 60 days.

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>


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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.

RSS Feeds to WordPress Posts