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BioMarin Shares Slammed After Hemophilia A Gene Therapy Stumbles At FDA
Wednesday, August 19, 2020 - 3:08pm | 439BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) shares were plunging Wednesday after a negative outcome for a binary event. BioMarin Investors Disappointed By FDA News: The FDA issued a complete response letter to BioMarin's biologic license application for valoctocogene roxaparvovec...
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Acceleron Hits All-Time High On Positive Readout For Pulmonary Arterial Hypertension Drug
Tuesday, January 28, 2020 - 10:20am | 396Shares of small-cap biopharma Acceleron Pharma Inc (NASDAQ: XLRN) are advancing to an all-time high Tuesday following a data readout. Primary, Secondary Endpoints Met Acceleron said a Phase 2 study dubbed PULSAR that evaluated its sotatercept in patients with pulmonary arterial hypertension, or PAH...
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Analysts: Roche Partnership Derisks Sarepta Investor Concerns
Tuesday, December 24, 2019 - 10:15am | 555Sarepta Therapeutics Inc (NASDAQ: SRPT) has entered a partnership with Roche (OTC: RHHBY) to commercialize SRP-9001, its gene therapy for Duchenne Muscular Dystrophy, outside of the U.S. The deal secures Sarepta a $1.15 billion upfront payment — $750 million in cash and $400 million in an...
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FDA Approves Sarepta's Second DMD Drug, Analyst Projects $500M-Plus Opportunity
Friday, December 13, 2019 - 11:26am | 577After an earlier rejection, Sarepta Therapeutics Inc (NASDAQ: SRPT)'s Vyondys 53 received FDA approval the second time around, sending the stock sharply higher Friday. Sarepta Succeeds On Second Try Cambridge, Massachusetts-based Sarepta said Thursday that the FDA granted...
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Analysts Unfazed By FDA Snub Of Sarepta's DMD Drug, Pin Hopes On Gene Therapy
Tuesday, August 20, 2019 - 12:59pm | 707Sarepta Therapeutics Inc (NASDAQ: SRPT)'s new drug application for its second Duchenne muscular dystrophy drug received a a complete response letter from the FDA on Monday. The Analysts Nomura Instinet analyst Christopher Marai maintained a Buy rating on Sarepta with a $230 price...
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Credit Suisse: United Therapeutics Becoming More Fundamentally Driven
Monday, July 1, 2019 - 2:37pm | 431United Therapeutics Corporation (NASDAQ: UTHR)'s shares have shed more than 28% year-to-date, making its valuation attractive, according to Credit Suisse. The Analyst Martin Auster upgraded United Therapeutics from Neutral to Outperform and raised the price target from $98 to $101. The...
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6 Gene Therapy M&A Targets On The Radar
Wednesday, March 27, 2019 - 12:45pm | 1663Biogen Inc (NASDAQ: BIIB) to acquire gene therapy company Nightstar Therapeutics PLC (NASDAQ: NITE). Roche Holdings AG Basel ADR (OTC: RHHBY) agrees to buy Spark Therapeutics Inc (NASDAQ: ONCE). Sarepta Therapeutics Inc (NASDAQ: SRPT) exercises option to buy Myonexus Therapeutics for $165...
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Sell-Side Picks Top Gene Therapy Takeout Candidates Following Spark Therapeutics Deal
Monday, February 25, 2019 - 4:12pm | 812Roche Holdings AG Basel ADR (OTC: RHHBY)'s announcement regarding an agreement to acquire gene therapy company Spark Therapeutics Inc (NASDAQ: ONCE) has sparked a rally in the latter's shares. The Analysts Chardan analyst Gbola Amusa maintained a Neutral on Spark and lifted the...
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Credit Suisse Joins Consensus To Prescribe Sarepta
Thursday, September 6, 2018 - 2:47pm | 388The Street has a lot of faith in Sarepta Therapeutics, Inc. (NASDAQ: SRPT). The biotech firm notched its 20th bullish rating Thursday to further neutralize a lone Hold. The Rating Credit Suisse analysts Martin Auster, Mark Connolly and Tiago Fauth initiated coverage on Sarepta with an Outperform...
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Insmed Shares To Outperform Through 2018 After 'Slow Start,' Credit Suisse Says In Upgrade
Monday, April 23, 2018 - 12:20pm | 424Insmed Incorporated (NASDAQ: INSM) announced in late March that it has submitted a new drug application to the FDA for a non-tuberculous mycobacterial lung disease treatment. The Analyst Credit Suisse analyst Martin Auster upgraded the shares of Insmed from Neutral to Outperform and...
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United Therapeutics Has Limited Downside Below $95 Level, Credit Suisse Says In Upgrade
Tuesday, April 3, 2018 - 4:05pm | 369Despite shares of United Therapeutics Corporation (NASDAQ: UTHR) being a consistent sell-side short amid mounting risks, a Credit Suisse analyst sees a buying opportunity. The Analyst Analyst Martin Auster upgraded shares of United Therapeutics from Neutral to Outperform and lowered the price...
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Credit Suisse Slashes Edge Therapeutics Price Target By 94%, Downgrades Stock After Failed Trial
Thursday, March 29, 2018 - 11:32am | 314Edge Therapeutics Inc (NASDAQ: EDGE) closed down 87 percent Wednesday and continued to decline Thursday after announcing layoffs, the discontinuation of its Phase 3 NEWTON 2 study and the evaluation of its next steps. Even now, Credit Suisse considers Edge overvalued. The Rating Analyst...
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The Key To Alexion's Long-Term Upside Potential, According To Credit Suisse
Thursday, January 18, 2018 - 3:39pm | 376Shares of Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) have lost more than 10 percent over the past year, but one analyst is confident enough to call for upside to the stock. The Analyst Credit Suisse's Martin Auster initiated coverage of Alexion Pharmaceuticals' stock with an Outperform...
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Alexion's New CFO Continues To Shore Up Investor Concerns
Wednesday, June 14, 2017 - 1:37pm | 303Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) announced Tuesday that Paul Clancy has been appointed to replace Dave Anderson as CFO, effective July 31. Anderson will remain as a senior advisor through August to ensure a smooth transition. “Paul is well-known among biotech investors, having...
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Analyst: With This Much Pessimism Priced In, Alexion Begins To Look Attractive
Tuesday, May 30, 2017 - 2:51pm | 368Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) shares are down 23.5 percent in the past month as investors have grown concerned about the growth outlook for Solaris and the implications of the company's management shuffling. At this point, market pessimism has gotten so high that the absence of...