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Radius Health's Overhangs Were Just Removed: Buy Time
Thursday, March 31, 2016 - 2:24pm | 399The filing of NDA for Abaloparatide-SC removes a key overhang on the shares of Radius Health Inc (NASDAQ: RDUS), according to Cantor Fitzgerald. Radius Health announced that it has submitted a New Drug Application (NDA) to the United States Food and Drug Administration (FDA) for abaloparatide–SC 80...
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Amgen, Celgene Buck Short Interest Trend In Biotech Stocks
Thursday, February 11, 2016 - 8:49am | 583Short interest in many of the leading biotech stocks shrank in the most recent period. However, two of the largest biotech companies bucked that trend in late January. Credit Suisse was bullish on both of them during the short interest period. While short sellers shied away from many...
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Big Earnings Expectations For Big Biotech
Sunday, January 24, 2016 - 5:55pm | 567Three leading biotech companies are expected to post quarterly results this week. Analysts are looking for earnings growth from Amgen and Celgene. Revenue growth is forecast for both, as well as for Biogen. Three of the largest biotech companies will be stepping into the earnings spotlight this...
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More Wild Short Interest Swings In Biotech Stocks
Sunday, December 13, 2015 - 5:52pm | 924Short interest moves in leading biotech stocks were mixed in the most recent period. However, Illumina, Inc. (NASDAQ: ILMN) and Baxalta Inc (NYSE: BXLT) saw sharp increases in their short interest in late November. Short sellers appeared to lose interest in Juno Lighting LLC (NASDAQ: JUNO) late in...
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Wild Short Interest Swings For Three Top Biotech Stocks
Wednesday, October 28, 2015 - 7:57am | 924Short-sellers continued to be selective in the leading biotech stocks in the most recent period. Biogen and Medivation saw sharp drops in their short interest in early October. The number of Amgen shares short surged during that time. In the wake of ongoing market volatility and...
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Wild Short Interest Swings For These Three Biotech Stocks
Monday, October 12, 2015 - 3:17pm | 882Short interest changes in biotech stocks were mixed during the most recent period. Baxalta Inc (NYSE: BXLT) and Juno Therapeutics Inc (NASDAQ: JUNO) saw short interest surges in late September. Short interest in Medivation Inc (NASDAQ: MDVN) plunged during that time. With the ongoing market...
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Akebia Therapeutics CEO On Controlling Anemia Safely
Monday, September 28, 2015 - 2:36pm | 1263Akebia Therapeutics Inc (NASDAQ: AKBA) is developing a safer treatment for anemia in patients with Chronic Kidney Disease. The compound, AKB-6548, is expected to go into Phase III clinical trials soon. AKB-6548 is an oral therapy designed to be both safer and easier to administer and will expand...
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In Volatile Markets, Short Sellers Head For Biotechs
Monday, September 28, 2015 - 10:23am | 863As market volatility continued after the August sell-off, short sellers moved on biotech stocks. Large cap biotechs Amgen, Celgene and Gilead Sciences saw surges in their short interest in early September. Short interest rose in nearly all of the leading biotech stocks in that time. With the...
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Large-Cap Biotechs Poised For Second-Half Rally, RBC Says
Thursday, July 9, 2015 - 9:21am | 318RBC Capital Markets Analyst Michael Yee said in a new research note that the recent 5 to 6 percent pullback in large-cap biotech will provide a good opportunity heading into what they expect will be "mostly in-line to better" earnings. On a macro basis, Yee reiterated the firm's...
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Biotech Short-Sellers Prefer Amgen To Gilead Sciences
Saturday, June 27, 2015 - 6:02pm | 864Some of the biggest swings in short interest among the leading biotechs and emerging pharmaceuticals between the May 29 and June 15 settlement dates happened to Amgen, Inc. (NASDAQ: AMGN), Gilead Sciences, Inc. (NASDAQ: GILD) and Illumina, Inc. (NASDAQ: ILMN). Let's take a quick look at how these...
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Amgen, AstraZeneca End Development Pact; Shares Sink
Tuesday, May 26, 2015 - 8:56pm | 331Amgen, Inc. (NASDAQ: AMGN) shares lost about 2.8 percent Tuesday on fallout from the termination of a three-year-old development pact with AstraZeneca plc (NYSE: AZN). Amgen closed at $159.02, off $4.57; AstraZeneca declined 2.5 percent to $67.68. Amgen said late Friday that it would end a co...
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Goldman Sachs Previews ASCO Cancer Conference With Amgen, Celgene And Clovis Oncology
Wednesday, May 6, 2015 - 8:46am | 341Ahead of the May 29 American Society of Clinical Oncology (ASCO) conference, analysts at Goldman Sachs reviewed the outlook for some of biotech's hottest names: Amgen, Inc. (NASDAQ: AMGN), Celgene Corporation (NASDAQ: CELG) and Clovis Oncology Inc (NASDAQ: CLVS). Goldman has Buy ratings on...
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Amgen Has A Big Launch Coming Up
Thursday, April 16, 2015 - 4:04pm | 300RBC Capital Markets expects Amgen, Inc. (NASDAQ: AMGN) to "generally grind higher" in the next few months as the company waits on approval of a key cardiovascular drug – PCSK-9. While approval for PCSK-9 is not expected to come until July, Amgen, in the meantime, will be building...
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Short Sellers Still Attracted To Biotech Stocks
Friday, March 13, 2015 - 12:17pm | 891Short interest among leading biotechs and emerging pharmaceuticals increased nearly all across the board between February 13 and February 27. Leading the trend were BioMarin Pharmaceutical Inc. (NASDAQ: BMRN), Celgene Corporation (NASDAQ: CELG) and Vertex Pharmaceuticals Incorporated (NASDAQ:...
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Short Sellers Come Back To Biotech Stocks
Thursday, February 26, 2015 - 2:25pm | 868By and large, short interest among the leading biotechs and emerging pharmaceuticals reversed course and rose again between the January 30 and February 13 settlement dates. Leading that trend were Amgen, Inc. (NASDAQ: AMGN), Juno Therapeutics Inc (NASDAQ: JUNO) and Vertex Pharmaceuticals...