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JMP Securities Downgrades Ariad, Cites Limited Near-Term Upside In Light Of Prescription Trends
Tuesday, October 25, 2016 - 9:28am | 294JMP Securities’ Michael G. King, Jr. believes there is limited near-term upside for Ariad Pharmaceuticals, Inc. (NASDAQ: ARIA), given the prescription trends and the ongoing scrutiny of Iclusig's pricing. King downgraded the rating on the company from Market Outperform to Market...
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JMP Thinks NovoCure Could Double
Tuesday, October 27, 2015 - 10:31am | 308Novocure Ltd (NASDAQ: NVCR) shares have surged 10 percent since October 10, while remaining meaningfully below the high end of their 52-week range of $15.01 - $30.89. JMP Securities’ Michael G. King initiated coverage of the company with an Outperform rating and a price target of $43...
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JPM Securities Picks Through Biotech News For Winners
Wednesday, February 25, 2015 - 1:41pm | 612Amid a flood of news from smaller bio-pharmaceutical concerns, analysts at JMP Securities picked through some winners and losers. The firm's analysts maintained Outperform ratings Wednesday on Infinity Pharmaceuticals Inc. (NASDAQ: INFI), Impax Laboratories Inc (NASDAQ: IPXL) and...
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Why JMP Securities Is Watching (And Loving) These 3 Biotech Stocks
Tuesday, February 24, 2015 - 5:42pm | 403In a report published Tuesday, JMP Securities named three biotech stocks it is watching: Acceleron Pharma Inc (NASDAQ: XLRN), Cardiovascular Systems Inc (NASDAQ: CSII) and Karyopharm Therapeutics Inc (NASDAQ: KPTI). Acceleron’s (Market Outperform, $52 price target) early stage...
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JMP Feeling Mostly Good On 4 Drug, Healthcare Stocks
Saturday, February 21, 2015 - 3:21pm | 333Four companies in the healthcare and pharmaceuticals sectors posted mixed results that left analysts at JMP Securities mostly feeling good. Adeptus Health Inc's (NYSE: ADPT) closed Friday up nearly 2 percent on strong quarterly results. JMP analyst Peter L. Martin expects Adeptus shares...
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UPDATE: JMP Securities Initiates Coverage On Ardelyx Following Valuation Analyses
Monday, July 14, 2014 - 8:06am | 176In a report published Monday, JMP Securities analyst Michael G. King initiated coverage on Ardelyx (NASDAQ: ARDX) with a Market Outperform rating and $26.00 price target. In the report, JMP Securities noted, “Initiating coverage of Ardelyx, the industry leader in the development of non-absorbed...
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JMP Securities Speculates How End Of Amgen Collaboration Could Affect BIND Therapeutics
Thursday, July 3, 2014 - 10:20am | 232In a report published Thursday, JMP Securities analyst Michael G. King reiterated a Market Outperform rating and $30.00 price target on BIND Therapeutics (NASDAQ: BIND). In the report, JMP Securities noted, “BIND Therapeutics announces the close of its Accurin nanomedicine collaboration with Amgen...
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UPDATE: JMP Securities Reiterates On Navidea Biopharmaceuticals On Pipeline Restructuring
Monday, May 19, 2014 - 8:19am | 191In a report published Monday, JMP Securities analyst Michael G. King reiterated a Market Outperform rating on Navidea Biopharmaceuticals (NYSE: NAVB), but lowered the price target from $5.00 to $3.00. In the report, JMP Securities noted, “Navidea Biopharmaceuticals reprioritizes its pipeline away...
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UPDATE: JMP Securities Reiterates on Acceleron Pharma on Elevated Confidence
Thursday, December 12, 2013 - 1:12pm | 206In a report published Thursday, JMP Securities analyst Michael G. King reiterated a Market Outperform rating on Acceleron Pharma (NASDAQ: XLRN), and raised the price target from $32.00 to $36.00. In the report, JMP Securities noted, “We reiterate our Market Outperform rating on Acceleron Pharma...
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UPDATE: JMP Securities Initiates Coverage on BIND Therapeutics on Recipe for Significant Value Creation
Tuesday, October 15, 2013 - 9:37am | 177In a report published Tuesday, JMP Securities analyst Michael G. King initiated coverage on BIND Therapeutics (NASDAQ: BIND) with a Market Outperform rating and $30.00 price target. In the report, JMP Securities noted, “Initiating coverage of BIND Therapeutics with a Market Outperform rating and...
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Depomed (DEPO) Shares Plummet Amid FDA Concerns
Thursday, February 18, 2010 - 8:07pm | 112Shares of pharmaceutical company Depomed, Inc. (Nasdaq: DEPO) fell today, amid FDA concerns and an analyst downgrade. The bad news began when fellow drugmaker XenoPort, Inc. (Nasdaq: XNPT) received a letter from the FDA stating that the company would not approve its gabapentin encarbil drug called...