4 Healthcare Stock Stories Causing Commotion On Monday

Pfizer Inc. (NYSE:PFE): Closing price $29.54

Pfizer will supply hundreds of millions of doses of its lucrative vaccine against pneumonia and meningitis at a large discount for young children living in poor countries. The arrangement to provide 260 million shots of its Prevnar 13 vaccine for a few dollars apiece is the drug maker’s third agreement through an innovative program by which pharmaceutical firms, governments, health groups, and charities work jointly to bring poorer countries a long-term supply of affordable vaccines against deadly diseases. Prevnar 13 protects against 13 strains of pneumococcal disease.

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Teva Pharmaceutical Industries Ltd. (NYSE:TEVA): Closing price $39.90

A court decision in the United States has derailed a plan by Teva to transition patients to a longer-acting version of its Copaxone treatment, as the ruling afforded the $4 billion drug less than a year of patent protection. The company wants to move up to half of the multiple-sclerosis patients taking daily Copaxone injections to a three-times-weekly version, but the U.S. Court of Appeals’ action to invalidate a 2015 patent may permit generic rivals like Momenta Pharmaceuticals Inc. to entice patients with less expensive copies as soon as 2014, UBS analyst Marc Goodman said.

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Prana Biotechnology (NASDAQ:PRAN): Closing price $3.81

On Monday, Prana said that the initial patient has been dosed in the 12-month open-label extension study with Alzheimer’s Disease patients participating in Prana’s Phase 2 IMAGINE trial. Patients who have finished the full 12-month term of the IMAGINE trial may participate in the open-label Extension evaluation. All participants in the Extension study will receive a once daily oral 250mg dose of PBT2 for an additional 12 months. The trial is a 12-month double-blind Phase 2 clinical trial of PBT2 in mild or prodromal Alzheimer’s patients. The Extension study does not change the completion and reporting on the trial with results anticipated in March.

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Novavax, Inc. (NASDAQ:NVAX): Closing price $2.51

Novavax announced on Monday positive preclinical data for its virus-like particle vaccine candidate against A(H7N9) influenza. The data were published online in the peer-reviewed journal Vaccine. The study explored the immunogenicity and efficacy of two doses of its A(H7N9) VLP vaccine candidate against a lethal wild-type challenge mouse model. Novavax’ non-homologous A(H7N3) VLP vaccine candidate was included in three control groups, its A(H5N1) VLP vaccine candidate, and a placebo. All vaccine candidates were administered with or without Iscomatrix, which is a saponin-based adjuvant.

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