Jazz Pharmaceuticals Plc Stock Price, News & Analysis

Jazz Pharmaceuticals plc (NASDAQ: JAZZ) will release its financial results for the fourth quarter and full year 2022 on March 1, 2023, following the close of U.S. markets. A live audio webcast is scheduled for 4:30 p.m. ET / 9:30 p.m. GMT to discuss the financial outcomes and provide a business update. Interested individuals can register in advance through the company's website. Following the event, a replay will be available on Jazz's investor section. The company focuses on developing transformative medicines in neuroscience and oncology, with a commitment to addressing unmet medical needs globally.

Jazz Pharmaceuticals and Zymeworks announced results from a Phase 2 trial for zanidatamab, a HER2-targeted bispecific antibody, showcasing compelling efficacy in advanced HER2-expressing metastatic gastroesophageal adenocarcinoma (mGEA) patients. The trial revealed an overall confirmed objective response rate (cORR) of 79% and a disease control rate (DCR) of 92%. Notably, the 18-month overall survival (OS) rate was 84%, with median progression-free survival (mPFS) of 12.5 months. The ongoing Phase 3 trial, HERIZON-GEA-01, is expected to provide further data that could support regulatory submissions.

Jazz Pharmaceuticals plc (NASDAQ: JAZZ) will webcast its corporate presentation at the 41st Annual J.P. Morgan Healthcare Conference on January 9, 2023, at 3:45 p.m. PST / 11:45 p.m. GMT. CEO Bruce Cozadd will discuss the company's business and financial updates. Investors can access the live audio via Jazz Pharmaceuticals' website, with a replay available for 30 days post-conference. The company is committed to developing innovative medicines for patients with serious diseases across neuroscience and oncology, serving nearly 75 countries globally.

Jazz Pharmaceuticals and Zymeworks announced that Jazz has exercised its option to continue exclusive rights for the development and commercialization of zanidatamab, following positive clinical data from the HERIZON-BTC-01 trial in biliary tract cancers. The trial showed a 41.3% objective response rate among patients with HER2-amplified disease. Jazz will pay Zymeworks $325 million and may owe up to $1.76 billion in future milestone payments. Zanidatamab aims to provide HER2-targeted therapy for challenging cancers, currently lacking approved treatments.

Jazz Pharmaceuticals (Nasdaq: JAZZ) announced six presentations on its epilepsy treatment, Epidiolex (cannabidiol), at the 2022 American Epilepsy Society (AES) annual meeting from December 2-6, 2022, in Nashville, TN. Key highlights include long-term Phase 3 trial results showing significant seizure reduction for tuberous sclerosis complex and caregiver-reported improvements in seizure and non-seizure outcomes for patients with Lennox-Gastaut and Dravet syndromes. The data underscores Epidiolex as a crucial option for patients with significant unmet needs in epilepsy treatment.

Jazz Pharmaceuticals announced FDA approval for a new intramuscular dosing schedule for Rylaze (asparaginase erwinia chrysanthemi (recombinant)-rywn) to treat acute lymphoblastic leukemia (ALL) and lymphoblastic lymphoma (LBL) in patients one month or older with hypersensitivity to E. coli-derived asparaginase. The approval allows for a Monday/Wednesday/Friday dosing option, enhancing treatment flexibility. Clinical trial data indicated a positive benefit-to-risk profile. Rylaze has orphan drug designation and is also recognized in the National Comprehensive Cancer Network guidelines.

Stand Up To Cancer, in partnership with Jazz Pharmaceuticals, has launched a new public service announcement (PSA) to raise awareness about small cell lung cancer, particularly in Black and Hispanic communities. The PSA, available in both English and Spanish, focuses on the importance of early screening to improve survival rates, as these communities face significant disparities in diagnosis. Jazz is also supporting SU2C's Catalyst program, which funds research for new treatments in oncology.

Jazz Pharmaceuticals reported its Q3 2022 financial results, achieving total revenues of $940.7 million, a 12% increase year-over-year. The company raised its 2022 revenue guidance mid-point to $3.65 billion. Key performance drivers included strong adoption of Xywav and Epidiolex, with Xywav sales up 67% to $255.9 million. The company continues to expand its pipeline with new clinical trials, including JZP815 and suvecaltamide. Despite a GAAP net loss of $19.6 million, adjusted net income rose to $370.4 million.