Good News for Undervalued Sanofi
The wide-moat drugmaker's cardiovascular drug, Praluent, which it has developed with Regeneron, enjoyed favorable results in a study.
In the large Odyssey study, Praluent statistically significantly reduced the risk of MACE (the primary endpoint based on a composite of heart attack, ischemic stroke, death from coronary heart disease, or unstable angina requiring hospitalization) by 15% (similar to the benefit seen from Amgen’s Repatha in a different outcomes study of slightly less sick patients) with a strong p-value of 0.0003. The study also showed that Praluent caused a reduction in all-cause death. In the patient population with LDL cholesterol above 100 mg/dL, the reduction in all-cause death was an impressive 29%. Importantly, no significant safety signals were seen across the study of almost 19,000 patients. At the American College of Cardiology meeting, where the data was presented, 62% of the doctors surveyed stated they would change their prescribing habits because of the data.
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