Welcome to our dedicated page for Jazz Pharmaceuticals news (Ticker: JAZZ), a resource for investors and traders seeking the latest updates and insights on Jazz Pharmaceuticals stock.
Jazz Pharmaceuticals, Inc. (Nasdaq: JAZZ) is a global biopharmaceutical company dedicated to improving patients' lives by identifying, developing, and commercializing meaningful products that address unmet medical needs. Headquartered in Dublin, Ireland, with U.S. offices in Palo Alto, CA, and Philadelphia, PA, Jazz Pharmaceuticals employs over 875 people worldwide, fostering a highly collaborative and entrepreneurial culture.
Core Business: Jazz Pharmaceuticals focuses on three main therapeutic areas: sleep, hematology/oncology, and pain. The company's diverse product portfolio includes nine approved therapies across neuroscience and oncology indications. Notable products include Xyrem and Xywav for narcolepsy, Zepzelca for metastatic small cell lung cancer, Rylaze for acute lymphoblastic leukemia, Vyxeos for acute myeloid leukemia, and Epidiolex for severe forms of epilepsy, acquired through the purchase of GW Pharmaceuticals in May 2021.
Recent Achievements: In 2023, Jazz Pharmaceuticals reported strong financial performance, achieving over $3.8 billion in total revenue. The company also completed enrollment for a Phase 3 trial of Zepzelca in first-line small cell lung cancer and advanced several late-stage pipeline projects. In May 2024, the U.S. FDA accepted the Biologics License Application (BLA) for zanidatamab, a HER2-targeted bispecific antibody, with a Priority Review designation for treating biliary tract cancer.
Current Projects: Jazz Pharmaceuticals remains committed to expanding its product portfolio through R&D and strategic acquisitions. Ongoing projects include the development of zanidatamab for multiple HER2-expressing cancers, the Phase 3 trial for the combination of zanidatamab with standard chemotherapy for advanced gastric cancer, and the optimization of Epidiolex for broader epilepsy indications.
Financial Condition: As of December 31, 2023, Jazz Pharmaceuticals reported cash and cash equivalents of $1.6 billion. The company sustained a strong operational cash flow, generating $1.09 billion in 2023. Despite an outstanding long-term debt of $5.8 billion, Jazz's disciplined capital allocation supports continued investment in growth and innovation.
Partnerships: The company has key collaborations with various organizations, including BeiGene, Ltd. for the development of zanidatamab. Additionally, Jazz Pharmaceuticals has a strategic partnership with Life Science Cares to drive social impact through employee volunteerism in the U.S., reinforcing its commitment to community engagement.
Jazz Pharmaceuticals continues to innovate and advance its mission to transform lives through pioneering therapeutics in oncology and neuroscience, positioning itself as a leader in addressing complex and unmet medical needs.
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.
On November 3, 2022, Jazz Pharmaceuticals (Nasdaq: JAZZ) announced the presentation of 13 abstracts at the American Society of Hematology (ASH) Annual Meeting from December 10-13, 2022. The research will feature findings on Rylaze®, Vyxeos®, and Defitelio®. Notable highlights include a Phase 2/3 trial demonstrating the efficacy and safety of intravenous Rylaze in patients with Acute Lymphoblastic Leukemia. Jazz emphasized its commitment to advancing oncology solutions for patients with rare forms of leukemia.
FAQ
What is the current stock price of Jazz Pharmaceuticals (JAZZ)?
What is the market cap of Jazz Pharmaceuticals (JAZZ)?
What does Jazz Pharmaceuticals specialize in?
What are some key products of Jazz Pharmaceuticals?
Where is Jazz Pharmaceuticals headquartered?
What recent achievements has Jazz Pharmaceuticals made?
What is zanidatamab?
How financially stable is Jazz Pharmaceuticals?
What partnerships does Jazz Pharmaceuticals have?
What is Jazz Pharmaceuticals' approach to business culture?
What are the company's future plans?
How can investors stay informed about Jazz Pharmaceuticals?
