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Why Intellia Therapeutics Stock Is Soaring Today
Monday, June 28, 2021 - 8:49am | 410Intellia Therapeutics Inc (NASDAQ: NTLA) is trading significantly higher Monday morning after the company announced positive clinical data for its CRISPR therapy. What Happened: Intellia and Regeneron Pharmaceuticals Inc (NASDAQ: REGN) reported positive interim data from an ongoing Phase...
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Barclays: Editas Medicine On Track To File New Drug App Next Year
Wednesday, November 8, 2017 - 5:24pm | 319Editas Medicine Inc (NASDAQ: EDIT) reported third-quarter earnings Tuesday and it failed to meet Wall Street expectations. The Analyst Barclays' Gena Wang. The Rating Wang maintained an Overweight on Editas Medicine, with a price target of $28. (See Wang's track record here.) The...
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Juno Therapeutics Shows Promise With Non-Hodgkin Lymphoma Drug
Thursday, November 2, 2017 - 2:05pm | 321Juno Therapeutics Inc (NASDAQ: JUNO) opened sharply higher after reporting third-quarter earnings after the close Wednesday. The report highlighted ASH abstracts on JCAR017, a non-Hodgkin lymphoma drug, showing promising efficacy and solid safety in r/r DLBCL, Barclays analyst Gena Wang said...
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Breaking Down Barclays' New Bullish Calls On Biotech
Thursday, September 7, 2017 - 3:32pm | 1352Barclays initiated coverage of the U.S. small- and mid-cap biotechnology industry with a Positive view, as it expects the outperformance of the sector relative to the S&P 500 to continue in the next 12-18 months. The firm's positive opinion was premised on three factors, namely phase 3...
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2 Names Barclays Is Now Bearish On In Biotech
Thursday, September 7, 2017 - 1:59pm | 493z,pz.Even as Barclays initiated coverage of the U.S. small- and mid-cap biotechnology industry with a positive view, it was bearish on Cascadian Therapeutics Inc (USA) (NASDAQ: CASC) and Zymeworks Inc (NYSE: ZYME). The firm initiated coverage of Cascadian Therapeutics with an Underweight rating...
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Sarepta's Launch Of Exondys 51 Likely Slower Than Expected As Payers Deny Or Restrict Coverage
Wednesday, December 14, 2016 - 11:15am | 282Sarepta Therapeutics Inc (NASDAQ: SRPT) shares nearly doubled back in September after the FDA granted accelerated approval for the company’s first drug, EXONDYS 51. However, after conducting a round of due diligence by talking to private payers and other experts, Jefferies analyst Gena Wang...
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Revusiran Termination A Setback For Alnylam, But Platform-Wide Problems Unlikely
Thursday, October 6, 2016 - 2:46pm | 344Following, Alnylam Pharmaceuticals, Inc.(NASDAQ: ALNY) announcing the termination of a late-stage study of Revusiran, citing mortality imbalance, Jefferies said it strongly believes the issue might be program- or disease-specific rather than being overall technology platform-related. Gena Wang, an...
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Jefferies Highlights Clinically Meaningful Data From Ultragenyx On KRN23
Tuesday, September 20, 2016 - 1:46pm | 352Following the presentation of KRN23 data by Ultragenyx Pharmaceutical Inc (NASDAQ: RARE) Monday, Jefferies noted the longer follow-up data is clinically meaningful, supporting filing for a EU conditional approval by 2016. Elaborating on the data, equity analyst Gena Wang noted that data from the...
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Jefferies Examines The Effect Of Sarepta's Drug Approval On PTC Therapeutics
Tuesday, September 20, 2016 - 10:44am | 378PTC Therapeutics, Inc. (NASDAQ: PTCT) shares are up another 4.2 percent in early Tuesday trading following a big 20.6 percent Monday gain. The big move in PTC shares has been driven by the FDA’s accelerated approval of Sarepta Therapeutics Inc (NASDAQ: SRPT)’s Eteplirsen for treatment...
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Jefferies Upgrades Editas Medicine To Buy, Positive On Partnerships & Progress On LCA 10 IND Testing
Wednesday, August 10, 2016 - 8:19am | 212Jefferies upgraded Editas Medicine Inc (NASDAQ: EDIT) to Buy from Hold on partnerships and progress on LCA 10 IND testing. Editas is an early stage drug development company with a focus on CRISPR/Cas9 technology, a newly emerged transformative gene-editing tool. Editas announced collaboration...
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Sarepta Shares Under Pressure As Jefferies Downgrades To Underperform
Friday, April 29, 2016 - 10:18am | 185Sarepta Therapeutics Inc (NASDAQ: SRPT) shares have gained 30 percent since April 22. Jefferies’ Gena Wang downgraded the rating for the company to Underperform, while maintaining the price target at $7. Comments by CDER director Janet Woodcock at the AdCom had fueled some speculation on...
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PTC Therapeutics: Oppenheimer Bull Cuts Target From $111 To $39; Jefferies Less Certain on Translarna
Tuesday, March 1, 2016 - 10:21am | 333Shares of PTC Therapeutics, Inc. (NASDAQ: PTCT) were down as much as 2 percent in the pre-market hours Tuesday following the U.S. FDA questioning the effectiveness of Translarna in nonsense mutation Duchenne muscular dystrophy (nmDMD). PTC was notified that negative results from both Phase-2b and...
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Jefferies Upgrades PTC Therapeutics To Hold; Sees FDA Approvalability Priced In And Is Uncertain On EU Decision
Wednesday, February 24, 2016 - 9:44am | 241Jefferies' Gena Wang has upgraded the rating on PTC Therapeutics, Inc. (NASDAQ: PTCT) from Underperform to Hold, while lowering the price target from $18 to $12. Following the FDA refusing to file the letter for ataluren, Wang believes the chances of approval of the drug in Duchenne...
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Leerink: Pharmacyclics Is Now Worth $240
Tuesday, March 3, 2015 - 4:33pm | 252In a report published Monday, Leerink analysts Howard Liang and Gena Wang boosted their price target on Pharmacyclics, Inc. (NASDAQ: PCYC) shares from $204 to $240. The reason behind the increase is not only a merger rumor, but also "intriguing PDL1 combination data. "Preclinical data...
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Why OvaScience Shares Soared 35%
Thursday, December 18, 2014 - 12:01pm | 281Editor's note: This is an update to a story published earlier on Benzinga. Shares of OvaScience Inc (NASDAQ: OVAS) soared 35 percent Thursday following its announcement on Wednesday that it achieved its 2014 corporate goals. The company is advancing the AUGMENTSM, OvaPrimeSM and OvaTureSM...