initial public offerings (IPOs) trading on American exchanges
Showing posts with label GBT. Show all posts
Showing posts with label GBT. Show all posts

Monday, November 25, 2019

Global Blood Therapeutics (GBT) : Food and Drug Administration approval for a new sickle cell treatment

Global Blood Therapeutics confirms FDA accelerated approval for Oxbryta tablets for the treatment of sickle cell disease; expected to be available through GBT's specialty pharmacy partner network within two weeks
  • As a condition of accelerated approval, GBT will continue to study Oxbryta in the HOPE-KIDS 2 Study, a post-approval confirmatory study using transcranial doppler (TCD) flow velocity to demonstrate a decrease in stroke risk in children 2 to 15 years of age. The study will be initiated by the end of the year.
 







Shares of the biotech company jumped 6.9%, to 60.03, during the regular session of the stock market today. GBT stock was halted after flying on a rumor its sickle cell drug, formerly called voxelotor, had nabbed the FDA's blessing.

The biotech company confirmed the approval late Monday. The drug, called Oxbryta, is a daily tablet to treat sickle cell disease in patients ages 12 and older. It's the first drug that targets sickle hemoglobin polymerization, the root cause of sickle cell disease.

"Today is a major milestone not only for GBT but, more importantly, for people living with SCD, their families and those who care for them," Chief Executive Ted Love said in a written statement. "When we started our journey with the SCD community more than eight years ago, we set out to transform the way this devastating, lifelong disease is treated."

Sickle cell disease affects an estimated 100,000 people in the U.S. and millions worldwide, the biotech company said in a news release.

The inherited disorder impacts hemoglobin, a protein carried by red blood cells to deliver oxygen to tissues and organs. A genetic mutation causes patients to generate abnormal hemoglobin. A process called hemoglobin polymerization causes the red blood cells to become sickled.

FDA officials approved Oxbryta in sickle cell treatment three months earlier than expected based on a Phase 3 study called Hope. After 24 weeks of treatment, 51.1% of patients who took Oxbryta showed a hemoglobin increase vs. 6.5% of those who took the placebo.

Thursday, November 2, 2017

Global Blood Therapeutics (GBT) reported earnings on Thur 2 Nov 2017 (a/h)

** charts after earnings **


 


 ** 1 month later **

  • Global Blood Therapeutics misses by $0.04
SOUTH SAN FRANCISCO, Calif. (AP) _ Global Blood Therapeutics Inc. (GBT) on Thursday reported a loss of $28.6 million in its third quarter.
The South San Francisco, California-based company said it had a loss of 66 cents per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share.
Global Blood shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $39.10, more than doubling in the last 12 months.

Description

Global Blood Therapeutics, Inc. is a clinical-stage biopharmaceutical company. The Company is engaged in discovering, developing and commercializing therapeutics to treat blood-based disorders. The Company is developing its initial product candidate, GBT440, as an oral, once-daily therapy for sickle cell disease (SCD). The Company is evaluating GBT440 in SCD in a Phase III clinical trial of GBT440 in adult and adolescent patients with SCD. GBT440 inhibits abnormal hemoglobin polymerization, the underlying mechanism of RBC sickling. The Company is also engaged in other research and development activities targeted towards hereditary angioedema (HAE). The Company's GBT440 is an investigational drug that increases hemoglobin's affinity for oxygen by binding to the alpha-chain of hemoglobin. GBT440 has been observed to keep a proportion of sickle hemoglobin (HbS), in its oxygenated state, where it cannot participate in polymerization.

Key stats and ratios

Q3 (Sep '17)2016
Net profit margin--
Operating margin--
EBITD margin--
Return on average assets-39.10%-46.54%
Return on average equity-42.42%-50.42%
Employees95

Wednesday, August 12, 2015

Global Blood Therapeutics (GBT) began trading on the Nasdaq on 12 Aug 2015

Global Blood Therapeutics, Inc. is a clinical-stage biopharmaceutical company. The Company is engaged in discovering, developing and commercializing therapeutics to treat blood-based disorders. The Company is developing its initial product candidate, GBT440, as an oral, once-daily therapy for sickle cell disease (SCD).
  • Sector: Healthcare
  • Industry: Biotechnology
  • Founded in 2011 
  • Headquartered in South San Francisco, California
  • http://www.gbt.com