New Drug Could Cut ‘Bad’ Cholesterol Nearly in Half

It outperformed a drug from Merck

   

injection shot in the arm booster stocks 630 300x214 New Drug Could Cut 'Bad' Cholesterol Nearly in HalfShares of Regeneron Pharmaceuticals (REGN) climbed almost 4% in Wednesday morning trading after a late stage trial of a new cholesterol drug showed promising results.

Alirocumab, developed in partnership with Sanofi (SNY), is an injectable drug designed to combat LDL cholesterol by attacking PCSK9, a key protein. The drug had been previously tested reducing LDL cholesterol by 70% when administered in combination with other treatments. In the new study, the drug reduced LDL cholesterol by 47% when used by itself, Reuters noted.

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Analysts say that injectable cholesterol drugs like Alirocumab could generate revenue of $3 billion a year.

Included in the study were some patients who were only administered Merck‘s (MRK) Zetia cholesterol drug. Patients taking Zetia saw a 15.6% decline in cholesterol levels during the study.

Shares of Sanofi rose slightly in Wednesday morning trading, while Merck moved up almost 1%.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/new-drug-cut-bad-cholesterol-nearly-half/.

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